Delhivery Private Limited, India’s largest third-party supply chain services company focused on digital commerce, received a more than US$100M private equity investment.
Backers included Carlyle (NASDAQ: CG), which acquired a significant minority stake in the company via Carlyle Asia Partners IV, and Tiger Global, one of the existing investors of Delhivery.
The company intends to use the funds for operational improvements and business expansion.
Founded in 2011 by Sahil Barua, CEO, Delhivery provides express logistics services in over 600 cities in India and in more than 8,500 pin-codes and operates 12 fulfillment centers for B2C and B2B fulfillment services. In addition, the company provides less-than-truckload shipping, full-truckload shipping, cross-border delivery and a range of supply chain technology products to enterprises and small businesses.