Shares of Delhivery hit an all-time low of 317 Indian rupees ($3.88) Wednesday, cutting its market cap to $2.8 billion, falling below the valuation at which it raised capital from private investors in
Shares of Delhivery have dropped by over 32% since Thursday, tumbling below its issue price from May, after the Indian logistics firm posted muted quarterly business growth this week. Delhivery said t
Indian logistics startup Delhivery seeks to raise about $998 million in its initial public offering, the startup said in a filing with the local regulator, joining a number of other tech startups in t
Indian logistics firm Delhivery has courted one more high-profile investor before its expected IPO in the next two quarters: Lee Fixel’s Addition. The Gurgaon-headquartered firm has disclosed i
Digital payments giant Paytm, one of India’s most valuable startups, plans to raise up to $2.2 billion in an initial public offering, it said in draft papers submitted to the country’s market
FedEx Express, a subsidiary of delivery services giant FedEx, is investing $100 million in Indian startup Delhivery as the global firm looks to expand its presence in the South Asian country. Friday&#
Delhivery, India’s largest independent e-commerce logistics startup, has raised $277 million in what is expected to be the final funding round before the firm files for an IPO later this year. In a
Indian tech startups secured nearly $14 billion in 2019, more than they have raised in any other year. This is a major rebound since 2016, when startups in the nation had bagged just $4.3 billion. But
Funding for tech startups has been on an inevitable upswing for years, a result of a virtuous circle where wildly successful tech companies on the public markets whet the appetites of investors and in
Indian tech startups have never had it so good. Local tech startups in the nation raised $14.5 billion in 2019, beating their previous best of $10.6 billion last year, according to research firm Tracx
An Indian SaaS startup, which is increasingly courting clients from outside the country, just raised a significant amount of capital to expand its business. Hyderabad-based Darwinbox, which operates a
India’s trucking system has a big inefficiency problem that continues to drag the economy. BlackBuck, one of the handful of logistics startups that is trying to overhaul this system, just raised $15
The aggressive push by Silicon Valley companies and Chinese firms to win India, one of the last great growth markets, has decimated many local businesses in recent years. With each passing day, Amazon
Convincing people that the development of the logistics industry is a scintillating topic is difficult. I mean, just look at this stock photo. The artist had to layer together at least five (possibly
Opinio is the latest hyperlocal delivery startup in India to score funding. The company announced today that it has raised a $7 million Series A from Delhivery, a logistics firm, Sands Capital, and Ac
In yet another vote of confidence for India’s e-commerce market, logistics company Delhivery has scored a series D round of $85 million, less than eight months after its $35 million series C. The la