Addition invests $125M in Delhivery

New Delhi, Sept 24, 2021: Delhivery has announced an investment of $125M from Addition a Lee Fixel’s venture capital firm. Addition is the latest global fund to invest in the company, following earlier rounds from other marquee global investors. Lee remains a long-term backer of Delhivery and has been investing and re-investing in the company since 2015.

Sahil Barua, CEO of Delhivery, added, “We have a long-standing relationship with Lee and are delighted to welcome him to our cap table again. This investment reinforces the trust that institutional investors have placed in Delhivery and is a validation of the strength of our business.”

Lee Fixel, the founder of Addition, said, “Delhivery has established a market-leading position by innovating across the logistics space and has attracted several marquee investors. We are pleased to continue to support Delhivery and its new logistics SaaS, which is well-positioned to transform the global supply chain and logistics markets”.

source https://nrinews24x7.com/addition-invests-125m-in-delhivery/

September 24, 2021