Dehlivery Aims For IPO In About 6 – 8 Months
- ByStartupStory | June 12, 2021
Delhivery, a new startup, is about to go public in India. Delhivery co-founder and chief executive, Sahil Barua, has confirmed saying Delhivery aims for IPO and it will not be delayed beyond March 2022, unless a third wave of covid strikes. Delhivery by announcing it’s date for initial public offering joins the list of late stage, home grown, logistics firms. Barua said, Delhivery aims for IPO because they have substantial cash in their balance sheets and they expect it to be a primary issue ranging to about $ 400 – 500. However, they are still working on the details of the issue. But though Delhivery aims for IPO, they will have more local listings, because they are ultimately of Indian origin.
The third venture from Softbank Corporation after Policy Bazaar and Paytm, Delhivery aims for IPO in the near future. Delhivery was recently valued at $3 billion, and is also estimated to be the largest supply chain company in terms of revenue.
Follow Startup Story
Related Posts
