DC-based global alternative asset manager, The Carlyle Group acquired a significant minority stake in Delhivery Private Limited, India’s largest third-party supply chain services company focused on digital commerce.
LBR reports that equity for this transaction came from Carlyle Asia Partners IV. Tiger Global, one of the existing investors of Delhivery, also invested additional capital. The combined investment is more than $100 million.
Neeraj Bharadwaj, managing director of the Carlyle Asia buyout team, said, “We see significant potential for technology-enabled logistics in the country with the growth of e-commerce as well as increasing customer focus on on-time delivery and service levels. Delhivery, with its industry-leading service metrics and cost efficiency, is well-positioned to benefit from these future growth opportunities.”
Carlyle has invested more than $1.4 billion of equity in over 30 transactions in India across all Carlyle funds as of December 31, 2016.
Last updated: December 26th, 2025
