IPO-bound Delhivery raises $100 Mn from FedEx subsidiary
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IPO-bound logistics and supply chain services startup Delhivery has raised $100 million in equity from FedEx Express, a subsidiary of the global logistics giant FedEx Corporation, and the two companies will enter into a long-term commercial agreement following the transaction. The investment comes just months after Delhivery had raised $277.4 million in its Series H round which was led by Fidelity Investments in May.