Avendus Capital Advises Delhivery on a USD 130 mn Primary Transaction With Carlyle, Fosun and Existing Investor, Tiger Global.

We have been very impressed with Delhivery’s management team and the company’s strong execution capabilities, leveraging its extensive network and proprietary technology platform. We are delighted to partner with the management and expect to leverage our global experience in the logistics sector to assist the company with operational improvements and business expansion.

We see significant potential for technology-enabled logistics in the country with the growth of e-commerce as well as increasing customer focus on on-time delivery and service levels. Delhivery, with its industryleading service metrics and cost efficiency, is well-positioned to benefit from these future growth opportunities.

Delhivery has enjoyed great success over the last six years and we are truly excited to partner with them through their unicorn journey. Delhivery’s stellar management team has led the company to become India’s leading e-commerce logistics play and we look forward to exploring the infinitely bigger opportunities ahead.

A large investment by globally renowned names Carlyle and Fosun along with additional infusion by existing investor Tiger Global, is testament to the potential of this industry and of the superb team the promoters have put together.