The Competition Commission of India has approved stake acquisition in logistics firm Delhivery by Canada Pension Plan Investment Board. The agreement is related to the acquisition of around 8% equity stake in the Softbank-backed company through a secondary purchase from existing shareholders.
Delhivery provides a full suite of logistics services in more than 1,800 cities. Previously, it was in talks to raise around $150 million from CPPIB in June 2019. (Source)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
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