FedEx to invest $100M in equity investment in Indian logistic startup Delhivery

On Friday, US delivery giant FedEx Corp said it will make $100-million in equity investment in Indian e-commerce logistics startup Delhivery as part of a long-term commercial agreement.

As part of the deal, SoftBank-backed Delhivery will sell FedEx Express’ international products and services in India, and also provide pick-up and delivery services across the country.

FedEx will also transfer some of its assets from its India business to Delhivery, and its CEO Don Colleran get a seat on Delhivery’s board.

Several Indian startups have laid out their plans to go public as they aim to cash-in on liquidity by foreign funds. Delhivery is reportedly eyeing a market debut during the fourth quarter at a valuation of $4 billion. Incidentally, SoftBank-backed Indian digital payments startup Paytm has also filed for an IPO in the Indian market, the latest in a lineup of unicorns that are planning to go public making India one of the hottest IPO markets in 2021.



Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: