Multiples Alternate Asset Management Leads a US$35 Million Series C Round for Delhivery (Asia)
Source: Nexus Venture Partners
India-focused private equity firm Multiples Alternate Asset Management has led a US$35 million Series C financing round for Delhivery, an e-commerce logistics company based in India. Existing investors Nexus Venture Partners and Times Internet, the internet subsidiary of The Times of India Group, also participated. Delhivery intends to use the financing to invest in its portfolio of e-commerce technologies and expand its logistics infrastructure, fulfilment and transportation services. The company raised its Series A round from Times Internet in April 2012 and its Series B round from Times Internet and Nexus Venture Partners in September 2013.