The Carlyle Group Acquires Significant Minority Stake in Delhivery
(World News Science)

Mumbai, India - Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it has acquired a significant minority stake in Delhivery Private Limited, India`s largest third-party supply chain services company focused on digital commerce. Equity for this transaction came from Carlyle Asia Partners IV. Tiger Global, one of the existing investors of Delhivery, also invested additional capital. The combined investment is more than US$100 million. Founded in 2011, Delhivery provides express logistics services in over 600 cities in India and in more than 8,500 pin-codes and operates 12 fulfillment centers for B2C and B2B fulfillment services. In addition, the company...