Logistics service provider, Delhivery has raised $275 million in primary funding, as a part of its Series H round led by Fidelity Management and Research Company, at a valuation of over $3 billion. The latest funding round also saw participation from other public market investors, as the company looks to go public in 2022. Currently, Delhivery has a logistics network spanning across 19,000 pin codes and 2,500 cities. The company provides a full suite of logistics services such as express parcel transportation, reverse logistics, cross-border, business-to-business and business-to-consumer warehousing,Along with end-to-end supply chain services, and technology services. Delhivery currently works with over 15,000 direct customers, including large and small e-commerce participants, small and medium enterprises (SMEs) along with 500 enterprises and brands.

Source: Mint May 31, 2021 16:07 UTC