Logistics company Delhivery in talks to raise $100 million; valuation may touch $700 million
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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.
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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.
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