<ul><li>Indian logistics firm Delhivery has filed a draft red herring prospectus (DRHP) to raise ₹7,460 crore through public listing.</li><li>Marquee investors like SoftBank, Tiger Global Management, Times Internet and The Carlyle Group have invested in the 10-year old startup.</li><li>Shares worth ₹5,000 crore will be freshly issued by the firm and remaining chunk of shares will be sold by existing promoters shareholders.</li></ul>Gurgaon-based 10-year-old logistics startup Delhivery has filed its draft red herring prospectus (DRHP) to launch an initial public offering (IPO). Delhivery is looking to raise ₹7,460 crore, which is approximately $1 billion, at current rates, through public listing of shares. Out of the overall IPO issue size, shares worth ₹5,000 crore will be a fresh issue by the company and the remaining ₹2,460 crore will be sold by existing shareholders and promoters. Shares worth ₹920 crore will be sold by CA Swift Investments, ₹750 crore by SVF Doorbell and up to ₹330 crore by Times Internet. Delhivery said it will use ₹2,500 crore out of the IPO proceeds for funding organic growth initiatives, ₹ 1,250 crore for funding inorganic growth through acquisitions and other strategic initiatives. To list its shares publicly, recently the startup had <a href="https://www.businessinsider.in/business/startups/news/delhivery-is-a-step-closer-to-file-of-its-ipo-converts-to-a-public-entity/articleshow/86831171.cms">converted itself to a public limited </a>entity, which will allow it to raise capital from the general public. In a run-up to the IPO, the Gurugram-based startup has already raised half a billion from three prominent investors — <a href="https://www.businessinsider.in/business/news/logistics-platform-delhivery-raises-277-million-led-by-fidelity-valuation-touches-3-billion/articleshow/83105795.cms">Fidelity</a>, <a href="https://www.businessinsider.in/business/startups/news/100-million-investment-in-delhivery-will-help-fedex-gain-prominence-in-india/articleshow/84471579.cms">FedEx</a> and <a href="https://www.businessinsider.in/business/startups/news/logistics-company-delhivery-raises-76-million-ahead-of-its-ipo/articleshow/85997440.cms">Lee Fixel’s Addition</a>. It has raised over $1.3 billion to date from marquee investors like SoftBank, Tiger Global, Times Internet, The Carlyle Group and Steadview. DISCLOSURE: Times Internet, an investor in Delhivery, owns Times Bridge, which is Business Insider's partner in India. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/elon-musk-owned-starlink-forms-subsidiary-in-india-will-soon-apply-for-licenses/articleshow/87480590.cms">Elon Musk-owned Starlink forms subsidiary in India, will soon apply for licenses</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/shares-of-tata-motors-gains-on-strong-demand-for-jlr-despite-14-fold-widening-of-loss/articleshow/87480018.cms">What Tata Motors investors are excited about — obviously not the huge loss</a>

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Logistics startup Delhivery files for a nearly $1 billion IPO

Bhakti Makwana