Logistics company Delhivery in talks to raise $100 million; valuation may touch $700 million
Advertisement
Delhivery is likely to raise $100 million, or Rs 673 crore in fresh funding round from private equity major The Carlyle Group and Chinese conglomerate Fosun.
"Carlyle is leading the funding round and Fosun is also in talks to participate in the transaction,” ET quoted a person as saying.
This will be the fifth round of funding. Earlier,Delhivery has raised $85 million led by Tiger Global Management in May 2015.
"We are a profitable company and this will reflect in our results for the fiscal 2018. We are on track to hit $120 million in revenues for FY 2016-17, which is an 80% growth over last year. We should deliver close to 75-80 million parcels during this period,” Delhivery CEOSahil Barua had told ET.
Delhivery had registered a revenue of Rs 524 crore in fiscal 2016 with losses mounting to Rs 317 crore, according to data aggregation service Tofler. The company had a revenue of Rs 228 crore and a loss of Rs 71 crore in fiscal 2015.
Advertisement
Advertisement
As per reports, if the Delhi-based logistics company raises funds, the valuation could touch nearly $700 million, or Rs 4,700 crore."Carlyle is leading the funding round and Fosun is also in talks to participate in the transaction,” ET quoted a person as saying.
This will be the fifth round of funding. Earlier,
"We are a profitable company and this will reflect in our results for the fiscal 2018. We are on track to hit $120 million in revenues for FY 2016-17, which is an 80% growth over last year. We should deliver close to 75-80 million parcels during this period,” Delhivery CEO
Delhivery had registered a revenue of Rs 524 crore in fiscal 2016 with losses mounting to Rs 317 crore, according to data aggregation service Tofler. The company had a revenue of Rs 228 crore and a loss of Rs 71 crore in fiscal 2015.
Advertisement
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market