[Update] Exclusive: Logistics Unicorn Delhivery Raises $125 Mn From Lee Fixel's Addition
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India, Sept. 24 -- Update: After Inc42's exclusive story on the funding round was published earlier this month, Delhivery today (September 24) announced raising of of $125M from Lee Fixel's venture capital firm, Addition.
Our original story follows:
Logistics unicorn Delhivery has raised INR 558 Cr from Lee Fixel's Addition LLC as part of its Series I round. According to MCA filings accessed by Inc42, the Gurugram-headquartered startup has allotted 146,961 Series I Compulsory Convertible Preference Shares (CCPS) to Addition LLC at a price of INR 37,900 per share.
This is the second investment in an Indian startup by Lee Fixel-led Addition, a $1.3 Bn venture capital fund launched last year. Addition invested $35 Mn in news platform aggr...
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