Home » Indian Logistics Unicorn Delhivery Raises $277m Ahead Of Ipo

Indian Logistics Unicorn Delhivery Raises $277m Ahead Of Ipo

by Sophia Jennifer

Investment agency Canyon Partners joined present traders together with General Atlantic, Permira, TCV, HV Capital, Blackrock, Baillie Gifford and Silver Lake in the spherical. FlixMobility runs an inter-city bus service called FlixBus which spans most of Europe and elements of the United States, and which guarantees efficient onboard wifi and an easy-to-use on-line ticketing system. The Gurugram-headquartered startup mentioned in a regulatory filing that it raised $277 million in what it expects to be the final funding round before the IPO. It additionally disclosed that the newest round is led by Boston-headquartered funding firm Fidelity.

Drawbridge Health, a US-based medical diagnostics spinout of business conglomerate General Electric , obtained an undisclosed quantity of funding yesterday from Kyoto University’s venturing arm Innovation Capital (Kyoto-iCap). Paytm proprietor One97 Communications is reportedly in discussions to lift as much as $2bn in funding from a consortium that will embrace existing backers SoftBank Vision Fund and Ant Financial, at a valuation of $16bn to $18bn. Delhivery, a quantity one digital commerce platform, has raised about $ 1.23 billion thus far.

SurveyMonkey has raised less but had a extra successful IPO, floating above its range final week to lift an preliminary $180m. JD.com for its annual outcomes for last yr noted an “increase in funding in equity investees and funding securities of RMB22bn [$3.3bn]”. Indonesia-based brand aggregator Open Labs has launched a $100m fund to acquire direct-to-consumer manufacturers. To access all of the content material at no cost, please join by getting into your e-mail. #Opinions #That contains #Tremendous #Mega #Blast #Brigade #Newest #Releases #Gross gross sales #TouchArcade Howdy mild readers, and welcome to the SwitchArcade… Continue reading this story with a subscription to DealStreetAsia.

Southeast Asian experience hailing platform Grab closed $2bn in funding simply two months in the past, but Reuters has reported that it’s trying to raise one other $1bn, and that SoftBank is near placing up half the funding. Reports earlier this week revealed mattress producer Casper is getting ready to start prepping its IPO, but in the meantime it’s raised $100m at a reported $1.1bn valuation. Nubank, a digital bank datenewgirls operator backed by corporates Tencent and Berkshire Hathaway, filed for a dual preliminary public offering yesterday within the United States and its residence nation of Brazil. News aggregator iqstock.news – all primary news from the world of finance, investment, business, shares, cryptocurrencies, bonds, commodities, know-how from the highest sources around the world.

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