Delhivery raises $277 million led by Fidelity

Ahead of its initial public offering (IPO) this year, supply chain services provider Delhivery has reportedly raised $277 million in its latest round of funding, taking its market valuation to nearly $3 billion.
According to a TechCrunch report, Delhivery disclosed the finding in its latest regulatory filing that has been led by US-headquartered investment firm Fidelity.
Delhivery, a leading fulfillment platform for digital commerce, has raised about $1.23 billion to date. Earlier this year, Delhivery announced to expand its footprint by opening two new tech offices in Bengaluru and Ahmedabad, that will take its workforce strength to more than 500 employees in the country.
It currently has more than 350 employees and centres in Gurgaon, Goa, and Hyderabad (in India), and Seattle in the US. “The current expansion ensures we stay ahead of the curve with tech and data science being the core business differentiators,” said Kapil Bharati, Co-founder and CTO, Delhivery.