E-elastic startup Delivery to launch IPO for around six thousand crore rupees

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Posted on 12-02-2021 by Admin


E-elastic startup Delivery to launch IPO for around six thousand crore rupees

E-elastic startup Delhivery to launch IPO for around six thousand crore rupees

Delhivery to launch IPO for around six thousand crore rupees

E-lodicist startup Delhi has also set the mood for an IPO in 2021. The company intends to raise $ 80 million or about 6 thousand crore rupees through an IPO. With this, the valuation of the company will also increase to $ 4 billion. The largest stake in the company is that of Soft Bank of Japan.

It invested $ 400 million in 2019. Currently, the company is in talks with merchant bankers for an IPO. This includes Kotak Mahindra and others. The company has a market share of over 20% in its sector.

As the year 2021 begins, investors are getting a bumper chance of earning. From next week, you can invest in an IPO. After IRFC, Indigo Paints is also planning to launch an IPO.

Supply chain company Delhiveri can offer IPO in 12-15 months. He also informed that Stateview Capital has bought shares worth $ 2.5 crore (about Rs 184 crore) from an old investor in Delhiveri. However, the company did not mention the name of the investor who sold the company s shares.

Sahil Barua, founder of Delhiveri said, "We welcome Steadview Capital. We have known this firm and the head of the company for a long time and it is a great pleasure for us to be with them in the next phase of the journey." "

 

Last year Delhiveri acquired a $ 40 crore (Rs 2,766.82 crore) fund from SoftBank Vision Fund. Its investors include the Carlyle Group. Delhiveri has 2,300 cities in its network.

Delhiveri has completed 80 crore transactions so far. More than 10,000 customers are associated with the company. Apart from 450 enterprises and brands with the company, there are hundreds of big and small e-commerce platforms. Ravi Mehta, Founder and CIO of Steadview Capital, said Delhiveri s tech-based policy speeds up delivery, reducing logistics costs. Also, the acceptance of e-commerce has increased rapidly in the last de


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