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India’s Delhivery Plans $1 Billion IPO Filing in October

  • Startup is targeting Mumbai listing before March 2022
  • Delhivery’s offering could include new shares and old shares
A delhivery driver in Gurugram on the outskirts of New Delhi, India. 

A delhivery driver in Gurugram on the outskirts of New Delhi, India. 

Photographer: Nasir Kachroo/NurPhoto/Getty Images

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Delhivery Pvt, an Indian logistics and supply chain startup, plans to file a draft prospectus as soon as October for its initial public offering that could raise about $1 billion, according to people with knowledge of the matter.

The company, backed by SoftBank Vision Fund and Carlyle Group Inc., is targeting a Mumbai listing before March next year, said the people, who asked not to be identified as the information is private. The offering could include both new and existing shares, one of the people said.