FedEx invests $100 mn in Delhivery ahead of IPO

FedEx Express has agreed to invest $100 million in logistics services provider Delhivery, one of India’s unicorn startups that are set to go public soon.

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As part of the agreement, FedEx Express will enter into a long-term commercial pact with SoftBank-backed Delhivery.

FedEx Corporation, formerly Federal Express Corporation and later FDX Corporation, is an American multinational delivery services company headquartered in Memphis, Tennessee.

FedEx today is best known for its air delivery service, FedEx Express, which was one of the first major shipping companies to offer overnight delivery as a flagship service.