Synopsis
The Delhivery IPO won’t be delayed beyond March 2022, CEO Sahil Barua says, adding that the supply chain and logistics startup has substantial cash on its balance sheet.
ETtech
Delhivery is the third venture from SoftBank Group Corp’s India portfolio after PolicyBazaar and Paytm that is working towards an IPO in the near term. (Illustration: Rahul Awasthi/ETtech)
Bengaluru | Mumbai:Delhivery, a new-age logistics and supply-chain startup plans to list in India anytime between December 2021 and March 2022, its co-founder and chief executive Sahil Barua has said.
The company joins a group of late-stage homegrown technology firms that are on course to tap the buoyant public markets. Unless there is a severe third wave of Covid-19 affecting market sentiment, Delhivery is unlikely to postpone its initial public offering (IPO) timeline, Barua told ET in an exclusive interview.
DUBAI: Vision Fund, the high-tech investment group, is on the verge of its first big backing for a Saudi Arabian company, Arab News can reveal. The fund, which has raised about $130 billion of investment money in two separate rounds of fundraising, will back a Saudi messaging company, Rajeev Misra, the CEO, told Arab News. “We are on the cusp of making our first investment in
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