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2021 could finally be the year of India s tech IPOs as startups like Zomato, Delhivery, Policybazaar head for the public markets

BCCL One of the most-talked about IPOs would be that of Indian foodtech unicorn Zomato. Currently valued at $3.9 billion, Zomato has also closed a pre-IPO funding of $660 million. With the latest round 10 new investors including Tiger Global, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, and Steadview joined Zomato’s board which already had the likes of Info Edge, Ant Financial, Temasek etc. According to reports, Zomato CEO Deepinder Goyal in an email to his employees said that the company is looking to list publicly in the first half of 2021. Even while Zomato faced the test of times in 2020, it also brought the food tech startup closer to profitability. VCs believe this ability to bounce back from a crisis where companies even saw no revenue, would only give startups more strength to face the unforgiving public market. “Startups also emerged as winners post-lockdown with increased adoption by consumers while low investor confidence has forced startups to f

Logistics and supply chain startup Delhivery raises $25 million from Steadview Capital ahead of planned IPO

Logistics and supply chain startup Delhivery raises $25 million from Steadview Capital ahead of planned IPO At present, Delhivery has a nationwide network that touches over 17,500 pin codes and 2,300 cities. It offers a full suite of logistics services and more. TechSamvad December 22, 2020 13:46:30 IST Delhivery logo Hong Kong-based hedge fund Steadview Capital has bought $25 million (Rs 183 crore) worth of secondary shares in Delhivery from an early investor, ahead of the logistics and supply chain provider’s plans to launch an initial public offering (IPO) in the next 12 to 15 months. It is the latest overseas fund to invest in the Gurgaon-based company. Delhivery became a unicorn in 2019 when it raised $413 million in a Series F round led by SoftBank Vision Fund, along with existing investors Carlyle Group and Fosun International. It was then valued

Steadview makes secondary investment in Delhivery - The Financial Express

Steadview makes secondary investment in Delhivery - The Financial Express
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Steadview Capital invests in SoftBank-backed logistics unicorn Delhivery – founder eyes an IPO in the next 15 months

Steadview Capital invests in SoftBank-backed logistics unicorn Delhivery – founder eyes an IPO in the next 15 months Steadview Capital invests in SoftBank-backed logistics unicorn Delhivery – founder eyes an IPO in the next 15 months Sanchita DashDec 15, 2020, 08:47 IST Delhivery Delhivery through a secondary transaction. Steadview Capital has also invested in other Indian unicorn startups such as Dream11, Nykaa, Ola, Unacademy, Policybazaar, Zomato, Lenskart among others. Delhivery processes over 1.5 million orders per day and closed last year with a revenue of ₹2,800 crore. Indian logistics unicorn Delhivery has raised investment from Steadview Capital. The global investment firm has picked up $25 million worth shares in Delhivery through a secondary transaction.

Delhivery looking at IPO in next 12-15 months; raises $25 mn 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 USD 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.

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