Delhivery eyes IPO in next 12-15 months; gets $25 mn investment from Steadview

Supply chain company Delhivery on Tuesday said it will head towards the public markets in the next 12-15 months.

It also said Steadview Capital has bought $25 million (about Rs 184 crore) worth of secondary shares from one of its early investors. The logistics firm, however, did not name the investor.

“We are delighted to welcome Steadview Capital onto our cap table. We’ve known Steadview and Ravi for quite some time, and it’s great to have them join us for this next phase of Delhivery’s journey. Steadview is a long-term investor and we see them playing a key role as Delhivery heads towards the public markets in the next 12-15 months,” Delhivery founder and CEO Sahil Barua said in a statement.