Indian logistics startup Delhivery has secured $413 million from the Japanese global technology company SoftBank Group Corp. The company is now valued at $1.5 billion, giving it a Unicorn status. Delhivery is looking at scaling up to 20,000 delivery pin codes from current 15,000 over the next few months. It also aims to increases the number of warehouses and strengthen its freight services.
"We will be scaling up our newer warehousing and freight services through large investments in infrastructure, technology and global partnerships," said Sahil Barua, CEO and co-founder of Delhivery. The company recently acquired the Indian operations of Middle East logistics giant Aramex, and seeks to create partnerships with logistics companies across China, the Middle East and the U.S.