Delhivery plans an IPO launch over next 12-18 months

SoftBank-backed logistics unicorn Delhivery Pvt. Ltd is planning an initial public offering (IPO) in 12-18 months, a top executive said, joining a list of Indian startups looking to raise money and pave exits for their investors. The Gurugram-based company is waiting for upcoming rules on foreign listing but would prefer to list in India, chief business officer Sandeep Barasia said.

The company had earlier approached consultants and advisory firms to plan a listing, Barasia said in an interview.

“Two years ago, when we were trying to go public, it so happened that the timing of our decision to go public coincided with the Indian general elections, and it was probably not the best time to go public because a lot of focus was going to be on elections…plus, there was already a private capital pool that was available,