FedEx Express to invest $100m in Indian logistics unicorn Delhivery

Visual from Delhivery website

One of world’s largest transportation company FedEx Express, a subsidiary of FedEx Corp has today announced an investment of $100 million in Delhivery, a leading logistics and supply chain services company in India.

As part of the collaboration, FedEx will make a $100 million equity investment in Delhivery, and the companies will enter into a long-term commercial agreement. FedEx Express will focus on international export and import services to and from India, and Delhivery will, in addition to FedEx, sell FedEx Express international products and services in the India market and provide pick-up and delivery services across India. FedEx will transfer certain assets pertaining to its domestic business in India to Delhivery.

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