SoftBank Vision Fund, the investment vehicle of Japan-based telecommunications to technology company SoftBank, is in talks to invest 1,470 crore rupees to 1,837 crore rupees ($200 million to $250 million) in Indian e-commerce logistics firm Delhivery.
SoftBank Fund is evaluating Delhivery at a post-money valuation of around $1.2 billion, which will take the seven-year-old company to the unicorn club.
In May, the company was seeking to go public via an initial public offering although it was still in very early stages of discussions.
The investment will provide Delhivery greater capital runway, an issue it had been working on for more than 18 months.