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    Delhivery looks to raise $800 million via IPO route

    The Delhivery IPO may also include secondary share sales as some existing private equity investors seek to exit the company.

    Synopsis

    The Delhivery IPO is expected at a valuation of $3.2-4 billion, more than double of when SoftBank invested in 2019. Talks are on with at least half a dozen banks to the public float.

    Mumbai: Delhivery, the SoftBank Group Corp-backed logistics startup, plans to raise up to $800 million through an initial public offering this year, bankers familiar with the matter said. The Delhivery IPO is expected at a valuation of $3.2-4 billion, more than double of when SoftBank invested in 2019.The company is in talks with at least half a dozen bankers — including Kotak Mahindra Capital Company, Morgan Stanley, Citi, ICICI Securities, JP
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    The Economic Times