 "Delhivery")
Canada Pension Plan Investment Board (CPPIB) has said it is putting $115 million (about Rs 820 crore) in Delhivery, one of India’s leading third-party logistics providers.
Delhivery operates in over 2,000 cities and towns, offering a range of supply chain services. “The continued strong growth of e-commerce has generated significant opportunities in India's express logistics space for long-term investors such as CPPIB and we are pleased to partner with a market leader,” said Deborah Orida, senior managing director and global head of active equities at CPPIB.
The investment was made through CPPIB’s Fundamental Equities Asia Group. The latter’s stated aim
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