Wednesday, September 10, 2014



Delhivery raises $35 million crore investment; to fund expansion plans

Delhivery also plans to expand its network to over 250 cities by end of this calendar year from present more than 180 cities, said CEO Sahil Barua.

NEW DELHI: Delhivery, end-to-end eCommerce solutions firm, today said it has raised $35 million (about Rs 211 crore) from a group of investors led by private equity firm Multiples Alternate Asset Management.

Existing investors, Nexus Venture Partners and Times Internet Ltd, also participated in the round, the company said in a statement.

"This round of (Series C) financing will be used to invest extensively in our growing portfolio of commerce technologies and towards expa .. 

 

shyam kishor 

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