What is happening: The world’s largest technology investor, SoftBank Group, is close to investing $450m in the Indian logistics company Delhivery.
Delhivery: The logistics company is the largest e-commerce-centric in India by revenue. The investment will likely push it over the $1B mark in terms of valuation. It will receive around $350m of fresh capital from SoftBank via its Vision Fund.
Investors: Delhivery investors will include SoftBank, Carlyle Group, Fosun International, Tiger Global, Nexus Venture Partners, and Times Internet. SoftBank will take a majority 32% stake, with Carlyle at 11%.