Delhivery gets $125 million from Lee Fixel’s VC co

BENGALURU: Logistics services company Delhivery has raised $125 million from American investor Lee Fixel’s venture capital firm, Addition. Fixel remains a long-term backer of Delhivery and has been investing and re-investing in the company since 2015.
Addition is an investment firm focused on early and growth-stage companies. Fixel was previously a partner at Tiger Global Management, where he backed firms including Flipkart, Stripe, Freshworks, Warby Parker, and Peloton. Delhivery is said to be looking to raise around $1 billion through an IPO.

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