Bangalore: Lee Fixel, a former partner in a New York-based investment firm Tiger Global Fueling the first boom in the Indian consumer internet ecosystem with investments in top tier startups such as Flipkart, Ola and others, it has invested $125 million in its initial bet – Delhivery, a new-age logistics startup.

Delhivery confirmed in a statement to ET that Fixel’s investment fund,
Which he launched after leaving Tiger Global In 2019, the company is supported. The statement said Fixel “is a long-term supporter of Delhivery and has been investing and reinvesting in the company since 2015”.

“We have a long-standing relationship with Lee (Fixel) and we are delighted to welcome him again to our cap table. This investment reinforces the trust that institutional investors have placed in Delhi and it is our business.” is a validation of the strength of the DelhiVery CEO Sahil Patra said.

SoftBank Backed Logistics Startup
expected to file its draft IPO prospectus Will go public in the coming weeks and in this financial year. Earlier this month, ET, citing regulatory filings, reported that contribution
had invested about $76 million Company.

“Delhivari has established a market leading position by innovating in the logistics space and has attracted many marquee investors. We are delighted to continue to support Delhivery and its new logistics SaaS, which is well positioned to transform the global supply chain and logistics markets,” said Fixel, founder of Extra.

Fixel’s investment in Delhivery comes at a time when it is looking to raise anywhere between $800 million to $1 billion through its IPO. ET had reported exclusively in June this year quoting Barua that the Gurugram-based startup
the goal was to list here To raise approximately $500 million by the end of this fiscal year.

Also, Delhivery is the second investment in India
It supported InShorts’ location-based social networking platform Public Last year. Fixels Editions has raised $1.3 billion in its first fund. He is also investing his personal capital in some early-stage startups here, though that hasn’t been officially announced yet.

Later
Fixel decided to leave Tiger Global in 2019, Scott Schleifer India’s investments have taken hold and is supporting startups at a breakneck pace amid record capital pumping into the Indian startup ecosystem.

Read also:
Tiger Global’s Schleifer matches Fixel’s appetite in India

Delhivery is yet to file its draft prospectus for listing, which will officially begin its IPO process at a time when more than half a dozen local startups have applied to go public.

In July, Delhi
Raised an additional $100 million FedEx Express, a subsidiary of global logistics major FedEx Corp., as strategic capital. Earlier this year, the company
$277 million funding round was closed Singapore’s sovereign wealth fund GIC along with US-based Fidelity participated in the round, among other investors. It was valued at $3 billion after a funding round led by Fidelity.