Logistics company Delhivery on Sunday said it has raised more than $400 million (Rs 2,766.82 crore) in a financing round led by the SoftBank Vision Fund.

Carlyle and Fosun, both existing investors in Delhivery, have also participated in this round of financing, the company said in a statement.

"With these funds, Delhivery plans to rapidly scale up its reach from 15,000 to 20,000 pin codes by first quarter of financial year 2019-20, aggressively grow e-commerce market share investment, and expand its end-to-end supply chain platform to enterprise customers and SMEs (small and medium enterprises)," the company added.

"We will be scaling up our newer warehousing and freight services through large investments in infrastructure and technology and global partnerships in addition to improving the reach, reliability and efficiency of our transportation operations and sharing these benefits with our customers and partners," Sahil Barua, chief executive officer, Delhivery, said.

Munish Varma, partner, SoftBank Investment Advisers, said Delhivery has demonstrated industry-leading growth and emerged as the one-stop solution for ecommerce logistics.

First Published:Mar 24, 2019 2:18 PM IST