14/06/2021

Mechanic Escape

Built for the human race

Logistics platform Delhivery raises $277 million led by Fidelity, valuation touches $3 billion, Auto News, ET Auto

Previously this year, Delhivery announced to increase its footprint by opening two new tech workplaces...

Earlier this year, Delhivery announced to expand its footprint by opening two new tech offices in Bengaluru and Ahmedabad, that will take its workforce strength to more than 500 employees in the country.
Previously this year, Delhivery announced to increase its footprint by opening two new tech workplaces in Bengaluru and Ahmedabad, that will acquire its workforce strength to additional than five hundred staff in the place.

Ahead of its preliminary community giving (IPO) this year, offer chain solutions service provider Delhivery has reportedly lifted $277 million in its most up-to-date round of funding, getting its market valuation to virtually $3 billion.

In accordance to a TechCrunch report, Delhivery disclosed the locating in its most up-to-date regulatory submitting that has been led by US-headquartered investment decision company Fidelity.

Other investors reportedly are “Singapore’s sovereign wealth fund GIC, Abu Dhabi’s Chimera and UK’s Baillie Gifford”.

When contacted, Delhivery refused to remark on the funding at the second.

Delhivery, a major success platform for digital commerce, has lifted about $1.23 billion to date.

Previously this year, Delhivery announced to increase its footprint by opening two new tech workplaces in Bengaluru and Ahmedabad, that will acquire its workforce strength to additional than five hundred staff in the place.

It at present has additional than 350 staff and centres in Gurgaon, Goa, and Hyderabad (in India), and Seattle in the US.

“The present-day growth assures we stay ahead of the curve with tech and data science staying the main organization differentiators,” claimed Kapil Bharati, Co-founder and CTO, Delhivery.

Delhivery at present presents offer chain solutions at over seventeen,five hundred pin codes throughout two,300 towns.

It has fulfilled over 850 million transactions since inception and operates with over ten,000 direct prospects, which consists of big and small e-commerce individuals, SMEs, and major enterprises and brand names.

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