After SoftBank's investment, Delhivery enters unicorn club, India's 1st in 2019
Shortpedia
Content Team
Image Credit: shortpedia
It is just because of SoftBank's investment that logistics tech startup Delhivery enters unicorn club. In the latest round, it raised $395 million from SoftBank, taking its valuation to $1.6 billion. The investor is having a 22.4% stake in the start-up. It is having a partnership with e-commerce unicorns like Flipkart, Paytm, and others. Talks between SoftBank and Delhivery had been going on since last year.
