SoftBank Vision Fund may pick up 38% stake in Delhivery

Japanese conglomerate SoftBank has sought approval from the Competition Commission of India to invest in logistics startup Delhivery through its planned $100-billion Vision fund. It aims to pick up a 37.87% stake in Delhivery, regulatory filings revealed. This comes after previous reports said Delhivery could turn into a billion-dollar startup with around $450-million investment from SoftBank.