Indian logistics unicorn Delhivery raises $277m ahead of IPO

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SoftBank-backed logistics startup Delhivery has raised $277 million in a funding round led by American investment firm Fidelity as it prepares to launch an initial public offering (IPO), per the company’s latest regulatory filings.

The Gurugram-based logistics company has passed a special resolution to allot 5,63,349 Series H fully paid-up participating cumulative compulsory convertible preference shares of Rs 100 at an issue price of Rs 35,655 per share to raise Rs 2,008.62 crore or $277 million, the filings disclosed.

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