Delhivery plans $350 mn IPO to become billion-dollar startup
Gurugram-headquartered logistics startup Delhivery is reportedly looking for raising $350 million in its Initial Public Offering (IPO). Valued at $650 million after last year's funding, the company is aiming for a valuation of up to $2.8 billion through the share sales. Launched in 2011 by Sahil Barua, Mohit Tandon, and Suraj Saharan, Delhivery currently caters to over 1,200 Indian cities.