Addition invests $125M in Delhivery
New Delhi, Sept 24, 2021: Delhivery has announced an investment of $125M from Lee Fixel's venture capital firm, Addition. Addition is the latest global fund to invest in the company, following earlier rounds from other marquee global investors. Lee remains a long-term backer of Delhivery and has been investing and re-investing in the company since 2015.Sahil Barua, CEO of Delhivery, added, "We have a long-standing relationship with Lee and are delighted to welcome him to our cap table again. This investment reinforces the trust that institutional investors have placed in Delhivery and is a validation of the strength of our business."
Lee Fixel, founder of Addition, said, "Delhivery has established a market-leading position by innovating across the logistics space and has attracted several marquee investors. We are pleased to continue to support Delhivery and its new logistics SaaS, which is well-positioned to transform the global supply chain and logistics markets".
Delhivery is a leading end-to-end logistics and supply chain services company in India. With its nationwide network covering over 17,000 pin codes, the company provides a full suite of logistics services such as express parcel transportation, LTL and FTL freight, reverse logistics, cross-border, B2B & B2C warehousing, End-to-end supply chain services, and technology services.Delhivery has successfully fulfilled over 1 billion shipments since inception and today works with over 17,000 customers, including large & small e-commerce participants, SMEs, and other enterprises & brands. For more information about Delhivery, please visit www.delhivery.com.
Advertisements