India-based Delhivery, a shipping, freight, logistics and supply chain, courier service company, has completed its $413 million Series F round.
Softbank Vision Fund led the round with an investment of $350 million. The round also included participation from existing backers Carlyle and Fosun.
Softbank Vision Fund is infusing the amount for a 23.41 percent stake in Delhivery at $1.6 billion valuation.
Delhivery will use the funds to extend its reach from 15,000 to 20,000 pin codes by the first quarter of the financial year 2019 to 2020.