Delhivery gets $100 million funding from Carlyle
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For CAP IV, an investor in ANE Technologies in China, this is its first big logistics bet in the Indian e-commerce, one of the largest PE investments in the space.
Also read: Indian logistic companies look forward to partnering with Alibaba for its India entry
"In India, 70% of the e-commerce market is mobile and electronics. If you look at markets worldwide, categories like apparel, home decor, grocery, furniture form a larger share in a mature market. We believe these categories will grow in India, accelerating the need for third-party logistics players. The horizontal players will continue to be the largest players while categories like grocery and furniture will see the emergence of vertical players," said Neeraj Bharadwaj, India MD of
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(Image source: Youngisthan)
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