Delhivery, a leading consumer, has raised $ 277.4 million, according to a report on May 30. The money raised by a Gurugram-based company is likely to boost speculation ahead of its public offering (IPO) in 2022.
In the pre-IPO round, in which it won $ 277.4 million, the maximum amount was raised by Fidelity Investments in Boston, Entrackr reported.
A total of $ 126 million was invested by Fidelity, followed by $ 75.6 million by Gamnat Pte Ltd, $ 50 million by Chimera Investments and $ 25 million by the Pacific Horizon Trust, the report said.
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By 2019, Delhivery had raised $ 415 million in a Series F-led financial round led by SoftBank, which valued the new services company $ 1.5 billion. Other investors in attendance, including Caryle Group and Fosun International, also participated in the investment round.
Tiger Global, Multiple Alternate Asset Management, Steadview Capital, and Nexus Ventures are also investors in Delhivery.
In February 2021, an Economic Times report stated that Delhivery wanted to raise $ 800 million through the IPO.
The alleged aid company is in talks with several banks, such as Kotak Mahindra Capital Company, Morgan Stanley, Citi, ICICI Securities, JP Morgan, and Bank of America.
“The hiring of banks is ongoing. The official launch could take place in September or December,” a source was quoted as saying by the newspaper.
