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Indian logistics unicorn Delhivery raises $277m ahead of IPO


Indian logistics unicorn Delhivery raises $277m ahead of IPO
Photo: Unsplash
May 31, 2021
SoftBank-backed logistics startup Delhivery has raised $277 million in a funding round led by American investment firm Fidelity as it prepares to launch an initial public offering (IPO), per the company’s latest regulatory filings.
The Gurugram-based logistics company has passed a special resolution to allot 5,63,349 Series H fully paid-up participating cumulative compulsory convertible preference shares of Rs 100 at an issue price of Rs 35,655 per share to raise Rs 2,008.62 crore or $277 million, the filings disclosed.
Fidelity Investment has led the funding with about $125-million infusion while Singapore-based GIC’s Gamnat Pte has contributed nearly $75 million. Abu Dhabi-headquartered Chimera Investments and Pacific Horizon Trust have invested $50 million and $25 million respectively. ....

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Best performing funds and investment trusts since the start of 2021


Funds investing in the UK were some of the top performers in the first quarter of this year as Britain s fast roll-out of vaccines has tempted some investors to bet on the country s recovery. 
The Investment Association s UK Smaller Companies sector came top of the table, with returns of 9 per cent in the first three months of the year, while UK Equity Income funds were in third position, up 6.8 per cent, and UK All Companies up 5.8 per cent.
North American smaller companies are also benefiting more than large caps from the expected economic recovery, with the average fund in that sector growing 6.9 per cent.  ....

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