Funding Alert

SoftBank-backed Indian logistics startup Delhivery files for $1 billion IPO

• ByStartupStory     |    November 2, 2021

Delhivery, the Indian logistics startup is seeking a valuation of more than 5.5 billion dollars. The filing came flowing in after several public offerings this year such as Nykaa, Paytm, Policybazaar, as strong retail participation pushed the Indian stock market record level.

The strong competitor of companies such as DHL’d unit blue dart express ltd and DTDC had to spend a direct spend of 216 billion dollars in 2020 and is expected to grow to about 365 billion dollars within the next 5 years. The organisation’s IPO will consist of a fresh issue of shares worth close to 50 billion rupees. 

Follow Startup Story