New Delhi: Steadview Capital is the latest global fund to invest in Delhivery, India’s Leading and fastest growing supply chain company. Steadview bought $25M worth of secondary shares from an early investor in Delhivery.
Speaking about the investment, Ravi Mehta, Founder & CIO of Steadview Capital said, “We are excited to partner with the excellent management team of Delhivery, which is transforming the logistics industry in India across e-commerce and traditional industry verticals. The company’s tech-centric approach has been a key enabler in ensuring faster delivery speeds, decreasing logistics costs, and increasing e-commerce adoption in the country over the last decade. We believe Delhivery is well-positioned to become the largest logistics company in India and is poised for a strong growth trajectory in the years to come.”
Sahil Barua, Founder & CEO of Delhivery, added, “We are delighted to welcome Steadview Capital onto our cap table. We’ve known Steadview and Ravi for quite some time, and it’s great to have them join us for this next phase of Delhivery’s journey. Steadview is a long-term investor and we see them playing a key role as Delhivery heads towards the public markets in the next 12-15 months”.