Logistics Firm Delhivery Raises $277m, Now Valued At $3b

The startup also has plans to invest $40 million in two years to broaden and increase its fleet measurement as orders grow amid the COVID-19 pandemic. Player FM is scanning the net for high-quality podcasts so that you just can enjoy right now. It’s the most effective podcast app and works on Android, iPhone, and the online.

Southeast Asian ride hailing platform Grab closed $2bn in funding simply two months ago, but Reuters has reported that it’s looking to raise another $1bn, and that SoftBank is near putting up half the funding. Reports earlier this week revealed mattress producer Casper is on the point of start prepping its IPO, but within the meantime it’s raised $100m at a reported $1.1bn valuation. Nubank, a digital bank operator backed by corporates Tencent and Berkshire Hathaway, filed for a dual initial public offering yesterday in the United States and its home country of Brazil. News aggregator iqstock.information – all major news from the world of finance, investment, enterprise, stocks, cryptocurrencies, bonds, commodities, technology from the top sources around the world.

For the last leg of the supply, its couriers are assigned an area that never exceeds 2 sq km, allowing them to make a quantity of delivery runs a day to save time. Delhivery began its life as a meals delivery agency, but has since shifted to a full suite of logistics services in over 2,300 Indian cities and more than 17,500 zip codes. Every Monday, Wednesday, and Friday, hosts Joe Saul-Sehy & OG meet at the card desk and bring you visitors, trivia, your letters about saving, investing, and danger management, and rather more. What are nations doing to protect jobs and businesses from the fallout, and what’s going to the long-term penalties be for labor markets, global provide chains and authorities finances? US funding big Fidelity led the pre-IPO round, with Singapore sovereign wealth fund GIC, UAE agency Chimera Investment, and the UK’s Baillie Gifford additionally participating. Other investors reportedly are “Singapore’s sovereign wealth fund GIC, Abu Dhabi’s Chimera and UK’s Baillie Gifford”.

Drawbridge Health, a US-based medical diagnostics spinout of industrial conglomerate General Electric , obtained an undisclosed amount of funding yesterday from Kyoto University’s venturing arm Innovation Capital (Kyoto-iCap). Paytm owner One97 Communications is reportedly in discussions to lift as much as $2bn in funding from a consortium that may embody existing backers SoftBank Vision Fund and Ant Financial, at a valuation of $16bn to $18bn. Delhivery, a number one digital commerce platform, has raised about $ 1.23 billion up to now.

The post 07 June 2021 – Wefox Completes $650m Series C appeared first on Global Venturing Review. When I was a child, I didn’t think of my mom as a person, but as a father or mother. She was the one who stored me informed about her experiences as a child and gave me the instruments to do things that I needed to do. By the time my family moved to Las Vegas, I felt like I had nothing else to do. It was a bizarre time, nevertheless it wasn’t as a result of my mom was busy. I know there are some folks out there who shall be very excited about discovering out what the hell I truly have to do to seek out my keys.

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Join our occasions to interact with key stakeholders in the government, social and private sectors. Business Standard has at all times strived onerous to offer up-to-date information and commentary on developments which are of interest to you and have wider political and economic implications for the nation and the world. Your encouragement and fixed suggestions on the method to enhance our offering have solely made our resolve and commitment to these ideals stronger. Even throughout these troublesome occasions arising out of Covid-19, we continue to stay committed to keeping you informed and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance. Its platform connects consigners, brokers and truckers offering highway transport solutions.

UK-based pet insurance provider Bought By Many has secured $350m in sequence D funding from buyers including Munich Re Ventures. The spherical was led by funding agency EQT through its EQT Growth subsidiary, and it also featured venture capital firm Octopus Ventures. Delhivery, an India-based, corporate-backed transport service, has raised Rs20.1bn ($277m) in a collection H spherical led by financial companies and investment group Fidelity. Gamnat, Chimera Investments and Pacific Horizon Trust filled out the spherical, and the money was secured ahead of an preliminary public providing slated to take place in 2022. Two individuals conversant in the matter told the Times of India in March this 12 months it is expected to worth the corporate at $3bn. SoftBank-backed logistics startup Delhivery has raised $277 million in a funding round led by American funding agency Fidelity as it prepares to launch an preliminary public providing , per the company’s newest regulatory filings.

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Beverage producer Coca-Cola Company acquired portfolio firm Bodyarmor, a US-headquartered sports activities drink brand, at a valuation of approximately $6.59bn. DailyHunt mother or father VerSe Innovation, purchasing rewards app Fetch Rewards and Nord Security were among the startups that raised funds this week VerSe Innovation… Delhiverys valuation post-money has jumped to almost $3 billion, from somewhat over $2 billion following a secondary investment from Steadview Capital in December 2020.