Delivering goods quickly to consumers in India is no easy feat. Homegrown startup Delhivery's asset-light approach stands out from global peers as it readies to list in Mumbai, says ugalani
Delhivery is seeking a valuation of more than $5.5 billion in its initial public offering, Reuters reported on Nov. 2.
The company will raise up to 74.6 billion rupees, about $1 billion, comprised mostly of new shares. SoftBank’s Vision Fund, a 23% owner of the company, will sell shares worth up to 7.5 billion rupees.Delivery worker Devender Singh, who works for Licious, an online meat store, rides his bike on a deserted road, during a 21-day nationwide lockdown to slow the spreading of the coronavirus disease , in New Delhi, India, April 6, 2020. Picture taken on April 6, 2020.
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