Canada Pension Plan Investment Board is now in the process of making around $150 Million in the secondary market investment in the new age of logistics department company, Delhivery, with rising of interest of investors in a clutch of growth stage technology firms.
CPPIB, which is the world largest retirement funds, is now looking to buy the shares from homegrown private equity firm Multiples Laaternate Asset Management, according to the report. Venture Capital firm Nexus Venture Partners, which is an early investor in Delhivery may also invest some of its funding.
“The secondary stake sale is likely to be completed after the approvals are in place, valuing Delhivery at $1.5 billion,” said a person close to the matter.
Delhivery also counts some of the huge investors such as the Carlyle group, SoftBank Vision Fund, Fosun International, among its investors.