Softbank Vision Fund is looking to increase its stake in logistics startup Delhivery to 25.72%. It plans to do so by acquiring stakes from existing shareholders. It has sought the permission of the Competition Commission of India (CCI) to increase its stake by 3.28%.
Earlier in March this year, SoftBank had committed to invest $350 million and owned 23.41 per cent stake in Delhivery. CPPIB had also invested $115 million in the startup for 8% stake. (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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