The Carlyle Group has acquired a significant minority stake in Delhivery Private Limited, India’s largest third-party supply chain services company focused on digital commerce.
Equity for this transaction came from Carlyle Asia Partners IV. Tiger Global, one of the existing investors of Delhivery, also invested additional capital. The combined investment is more than US$100 million.
Delhivery was founded in 2011 and provides express logistics services in over 600 cities in India and operates 12 fulfillment centers for B2C and B2B fulfillment services.
In addition, the company provides less-than-truckload shipping, full truckload shipping, cross-border delivery and a range of supply chain technology products to enterprises and small businesses.
Photo courtesy of Delhivery.