[Funding alert] Delhivery raises $76.4M from Lee Fixel’s firm

Delhivery, the coordinations unicorn has brought $76.4 million up in financing from Addition, the firm established by the high profile startup financial backer Lee Fixel. 

As indicated by administrative filings, the assets raised by Delhivery is essential for its Series I round of financing. This advancement comes after the organization had raised $100 million from Fedex in July this year. 

The coming in of Lee Fixel will be a major lift for Delhivery as it is relied upon to come out with its first sale of stock (IPO) issue soon and joins the rundown of other Indian new companies that are going this course. 

Lee Fixel, who was prior with Tiger Global, is popular for his initial wagers into new businesses like Flipkart and Ola. He left Tiger Global in 2019 and established Addition in 2020. He has sponsored new businesses like Inshorts and neobank Jupiter. 

In the course of the most recent ten years, Gurugram-settled Delhivery in total raised $1.3 billion till now. It had raised $277 million from American trading company Fidelity in June of this current year at a revealed valuation of $3 billion. 

Delhivery had likewise declared the securing of Bengaluru-based Spoton Logistics for an undisclosed worth. Spoton works a container India network covering in excess of 300 areas and more than 22,000 pin codes. 

As indicated by data on the Delhivery site, it has satisfied more than one billion orders. It has more than 20 mechanized sort communities, in excess of 67 satisfaction places, 68 center points, and 2,300 conveyance areas conveying over 1.5 million bundles every day. 

As per research reports, the Indian coordinations market arrived at an expected size of $215 billion out of 2020, developing at a CAGR of 10.5 percent, with just around 15% addressing the coordinated portion. 

Delhivery acquires the innovation heave to the whole activities, prompting higher efficiencies. Presently, this 10-year-old startup intends to open up to the world and will join the gathering of others like Paytm, Nykaa, Policybazaar, and MobiKwik, who have declared their IPOs. 

Click on the link below if you want us to take your startup from Idea Phase towards successful Funding