The Gurgaon-based E-commerce fulfilment startup firm, Delhivery, has raised $85 million in Series D round of funding led by venture capital firm Tiger Global Management.
The funding round saw participation from existing investors like Multiples Alternate Asset Management, Nexus Venture Partners, and Times Internet Limited.
The funds raised will be utilized for business expansion as well as to expand senior management team.
“We will deploy this capital to build infrastructure and design services for e-commerce, hyper-local commerce, C2C commerce and other verticals with specialized requirements such as reverse logistics, furniture and grocery”, says the company spokesperson.
This round of funding is Delhivery’s fourth round of financing coming less than 8 months after its Series C round which was led by Multiples Alternate Asset Management in September 2014.