Canada Pension Plan Investment Board (CPPIB) has secured Competition Commission of India’s (CCI) approval to acquire Delhivery stake, while GoMechanic is in talks with Fosun International and Chiratae Ventures for funding.
CPPIB gets CCI’s nod to buy Delhivery stake
Canada Pension Plan Investment Board (CPPIB) has secured Competition Commission of India’s (CCI) approval to acquire up to 8 per cent stake in SoftBank-backed Indian logistics startup Delhivery in a secondary deal.
“@CCI_India approves the acquisition of shares in Delhivery Private Limited by Canada Pension Plan Investment Board,” CCI tweeted on Tuesday.
According to a June Economic Times report, CPPIB is looking to invest about $150 million in Delhivery for an 8 per cent stake. In March, Delhivery had secured over $400 million in a financing round led by the SoftBank Vision Fund.
GoMechanic in funding talks with Fosun, Chiratae
Automobile repair and service solution startup GoMechanic is in advanced discussions to raise about $15 million in funding from Fosun International and Chiratae Ventures, Entrackr reported.
GoMechanic has been in talks with the due since past two months, the report added.
The Gurugram-based had raised about 5 million in a Series A round led by Sequoia Capital in January this year. It raised an undisclosed amount in seed funding from early-stage venture capital fund Orios Venture Partners and angel investor Dhianu Das last August.