CPPIB Invests $115 Mn In Logistics Unicorn Delhivery

Date posted: Tuesday 10 September 2019

Gurugram-based ecommerce logistics startup Delhivery has raised $115 Mn in fresh funding from the Canada Pension Plan Investment Board (CPPIB). Following this investment, CPPIB will have one seat on Delhivery’s Board. The companies didn’t highlight the use of the funding, but the investment was speculated to be a secondary market investment picking up 8% stake.

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