Delhivery looks to raise $800 million via IPO route

Mumbai: Delhivery, the SoftBank Group Corp-backed logistics startup, plans to raise up to $800 million through an initial public offering this year, bankers familiar with the matter said. The Delhivery IPO is expected at a valuation of $3.2-4 billion, more than double of when SoftBank invested in 2019.The company is in talks with at least half a dozen bankers — including Kotak Mahindra Capital Company, Morgan Stanley, Citi, ICICI Securities, JP