Lee Fixel’s Addition invests $125 million in IPO-bound Delhivery

Bengaluru: Lee Fixel, a former partner at New York-based investment firm Tiger Global, has pumped $125 million into new-age logistics startup Delhivery, one of his early bets.

Fixel was largely responsible for fuelling the first boom in the Indian consumer internet ecosystem with investments in top-tier startups like Flipkart, Ola and others. Addition, the investment fund he founded after leaving Tiger Global in 2019, has backed the company, Delhivery said in a statement to ET.

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