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Delhivery Becomes India’s Latest Unicorn Startup, Is Now Valued At $1.6 Billion
There was a time when India’s unicorns were all e-commerce players, but some interesting companies are now getting into the mix. Logistics startup Delhivery has become India’s latest unicorn after raising $350 million (Rs. 2450 crore) from Softbank and existing investor Carlyle Group. The round has valued Delhivery at $1.6 billion (Rs. 11,200 crore), and turned it into India’s first unicorn of 2019. Unlike other Indian unicorn startups, Delhivery doesn’t often make the news. This...