Delhivery has announced an investment of $125 million from Lee Fixel’s venture capital firm, Addition.
Addition is the latest global fund to invest in the company, following earlier rounds from other marquee global investors.
Lee remains a long-term backer of Delhivery and has been investing and re-investing in the company since 2015, the company said in a press release.
Sahil Barua, CEO of Delhivery, said, “We have a long-standing relationship with Lee and are delighted to welcome him to our cap table again. This investment reinforces the trust that institutional investors have placed in Delhivery and is a validation of the strength of our business.”
Lee Fixel, founder of Addition, said, “Delhivery has established a market-leading position by innovating across the logistics space and has attracted several marquee investors. We are pleased to continue to support Delhivery and its new logistics SaaS, which is well-positioned to transform the global supply chain and logistics markets”.
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