Delhivery aims for pre-IPO funding at $3 billion valuation

New-age logistics major Delhivery is in talks with multiple global investors, including US-based Fidelity, for funding before its initial public offer (IPO) that would value the startup at around $3 billion, two people aware of the matter said. Delhivery was valued at a little over $2 billion after the secondary investment from Steadview Capital in December 2020, the sources added.

This indicates an almost 50% higher valuation for the SoftBank-backed Delhivery in about three months, if a deal is concluded. The pre-IPO round is said to be in the range of $100-150 million, but it could change based on discussions. This would also include a smaller secondary share sale.