Carlyle Group takes Minority Stake in logistics firm Delhivery

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The Carlyle Group has acquired a minority stake in Indian logistics firm Delhivery, while existing investor hedge fund Tiger Global also raised its stake, for a combined investment of more than $100 million, the buyout fund said on Friday. 


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The investment comes amid expectations India's logistics sector is set to expand strongly as the country unveils a new unified national sales tax and through growing online retail sales. 

Delhivery was founded in 2011 as a food delivery company but has since shifted to providing logistics services in more than 600 Indian cities through 12 fulfilment centres. 

"We see significant potential for technology-enabled logistics in the country with the growth of e-commerce," Neeraj Bharadwaj, managing director of the Carlyle Asia buyout team, said in the statement.

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