Delhivery raises about Rs 700 cr in fresh round

This fresh round is so far the biggest for Delhivery and the largest in the e-commerce-led logistics space.

Mumbai, Apr 13

E-commerce led logistics company Delhivery has raised about Rs 700 crore in a fresh round.

According to the company's Registrar of Companies filings that was assessed on business research platform Tofler, Delhivery has raised the amount from Singaporean Internet Fund III Pte Ltd and Mauritius-based CA Swift Investments, which acted as the investment vehicles for global buyout fund Carlyle Group. The company has, however, not disclosed the names of the VC funds that led this particular round.

BusinessLine couldn't reach out to the Delhivery founders on the same.

With this, the company is now valued at $700 million.

Delhivery had earlier raised $85 million in Series D funding lead by Tiger Global, taking its total funding to $128 million. Nexus Venture Partners is also an investor in Delhivery. However, the fresh round is so far the biggest for Delhivery and also the largest in the e-commerce-led logistics space.

The company losses have increased four times to ₹317 crore for the year ended March 2016, according to its RoC filings. However, the revenues witnessed a two-fold jump in its revenues to ₹524 crore in 2015-16 as against ₹229 crore in 2014-15.

The company’s net worth is pegged at ₹338 crore.

Published on April 13, 2017

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