Canada's CPPIB makes $115 million investment in India's Delhivery

09/09/2019 8:27:00 PM (GMT)

Indian logistics startup Delhivery Pvt Ltd. has bagged $115 million in new equity funding.

Canada Pension Plan Investment Board (CPPIB) made the investment in Delhivery, in a bid to broaden its exposure in India's logistics sector.

More so, CPPIB has routed the commitment via Fundamental Equities Asia Group.

With the latest financing deal, CPPIB has acquired an 8 percent stake in the startup from an undisclosed existing investor.

Canada Pension Plan Investment Board (CPPIB)

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