Acquisition by the SVF Doorbell (Cayman) Ltd., a subsidiary of SoftBank Vision Fund of certain further compulsorily convertible preference shares by which the aggregate holding will now be over 25%, according to reports.

SoftBank Vision Fund, the world’s largest technology investor, is set to buy an additional stake from existing shareholders of logistics startup Delhivery Pvt. Ltd, according to filings by an affiliate of the fund with the Competition Commission of India (CCI), accessed by business information platform Paper.vc.

— Mint

AZB & Partners advised SoftBank Vision Fund led by a team of partners Samir Gandhi and Hemangini Dadwal, and senior associate Aakarsh Narula.

Update 10 December 2019: Samvad Partners advised Delhivery Private Limited led by a team including partner Aparna Ravi, senior associate Pushkar Deshpande and associate Sindhujaa Nayak.

2019-09-18

Deal value: Confidential

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