FedEx to invest $100 mln in Indian logistics firm Delhivery

SoftBank-backed Delhivery will sell FedEx Express' international products and services in India, as part of the deal, and also provide pick-up and delivery services across the country.

FedEx will also transfer some of its assets from its India business to Delhivery, enabling broader access to the the Gurgaon-based startup's pan-India network.Several Indian startups have spelt out plans to go public to cash in on liquidity by foreign funds. According to media reports, the startup which is eyeing a market debut as early as the fourth quarter is weighing a valuation of $4 billion.

SoftBank-backed Indian digital payments startup Paytm has filed for an initial public offering, the latest in a lineup of unicorns that are planning to to go public, making India one of the hottest IPO markets in 2021. Food delivery startup Zomato's IPO subscription opened earlier this week and is awaiting listing.More from ReutersSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

Worth it just for the company name 👌

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This Company Raised $100 Million To Bring Gene Therapy To The MassesKriya Therapeutics plans to use gene therapy to treat common diseases like diabetes and obesity.
Source: Forbes - 🏆 394. / 53 Read more »

Shop 19 Stylish Swimsuits Under $100Take your pick between one of these classic, stylish, and on-trend affordable swimsuits 7 and 18
Source: voguemagazine - 🏆 715. / 51 Read more »

Lebanon's army needs $100 million immediately for soldiers' basic needs, general saysLebanon's economy is in freefall after the country failed to form a government. wow I see that prostitutes are getting expensive in Lebanon. They would funnel it to Hezbollah
Source: CNBC - 🏆 12. / 72 Read more »

Nordstrom’s Sale Has the Best Back-to-School Fashion Under $100From backpacks to sneakers.
Source: TeenVogue - 🏆 481. / 51 Read more »

This Company Raised $100 Million To Bring Gene Therapy To The MassesKriya Therapeutics plans to use gene therapy to treat common diseases like diabetes and obesity.
Source: Forbes - 🏆 394. / 53 Read more »

Ten Years Before Her Wedding, This Bride Found Her Balenciaga Wedding Dress at a Thrift Store10 years before her wedding, this bride found her Balenciaga wedding dress at a thrift store Love this! sustainablefashion Fabulous What a story 👌🏾!
Source: voguemagazine - 🏆 715. / 51 Read more »