Indian unicorn Delhivery said to eye B2B operations of Blue Dart, Gati

Indian unicorn Delhivery said to eye B2B operations of Blue Dart, Gati

Visual from Delhivery website

Logistics startup Delhivery Pvt. Ltd has held early-stage talks with Blue Dart Express Ltd and Gati Ltd to acquire their B2B operations, said two people aware of the matter.

Gurugram-based Delhivery is one of India’s newest unicorns, valued at $1.5 billion in March when it raised $413 million in a Series F round led by SoftBank Vision Fund, along with existing investors Carlyle Group and Fosun International. In September, the Canada Pension Plan Investment Board bought an 8% stake in Delhivery for $115 million from an existing investor.

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