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Delhivery raises $85 million from Tiger Global and existing investors

E-commerce logistics services provider Delhivery has raised $85 million in a Series D round of funding led by Tiger Global Management and participation from existing investors including Multiples Alternate Asset Management, Nexus Venture Partners and Times Internet Limited. The platform will use the funding to build infrastructure and design new services for e-commerce, hyper-local commerce, C2C commerce and other verticals with specialized requirements like reverse logistics, furniture and grocery. Delhivery had previously raised $35 million in a Series C round of funding led by Multiples Alternate Asset Management, and participation from investors Times Internet and Nexus Venture Partners. Prior to this, the platform had raised close to $5 million in Series B investment from Nexus Venture Partners in September 2013, and Times Internet had bought a minority stake in the company for an undisclosed amount in June 2012. Interestingly, Delhivery…

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