Gurugram Based Delhivery’s Valuation Jumps To Whopping $3 Billion; Raises $270 Million In Pre-IPO Round

The valuation of Gurugram -based logistics unicorn Delhivery has surged by about 50 per cent to a whopping $3 billion in the latest round of fundraising recently completed by the IPO-bound company, reports Economic Times.

In the pre-IPO fundraising, the company has successfully raised around $270 million at an approximate valuation of $3 billion from multiple investors. The investors who participated in the round include United States (US)-based Fidelity Investments.

Before this, the company had been valued at $2 billion in bygone December when Steadview Capital had acquired shares of the company worth $25 million in a secondary transaction.

Also, it should be noted that with the latest round, the total amount raised by the decade-old company so far has reached a size of about a billion dollars.

The company is said to be planning to list on the bourses in 2022. The company was founded by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati in 2011 and offers solutions in third-party logistics, freight movement, supply chain management and warehousing et cetera.