FedEx To Invest $100 Million In Delhivery To Boost Business In India

FedEx Express, a subsidiary of FedEx Corporation, will invest $100 million into Delhivery, India's leading logistics and supply chain services company in an attempt to "utilize their combined strengths to unlock India's international trade potential." "As part of the collaboration, FedEx will make a US$100 million equity investment in Delhivery, and the companies will enter into a long-term commercial agreement," Fedex said in a note...