Japanese conglomerate Softbank's arm SVF Doorbell (Cayman) on Wednesday divested 3.8 per cent of its stake in supply chain company Delhivery for Rs 954 crore through open market transactions. Saudi Arabian Monetary Authority, City of New York Group Trust, Societe Generale, BNP Paribas Arbitrage, Morgan Stanley Mauritius, Baillie Gifford Emerging Markets Equities Fund were among the buyers of shares.
Flipkart is in expansion mode, needs to infuse funds in the firm.
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Ola competes with Uber Technologies in India.
Cab-hailing service Ola is on the fast track on the back of a $500 million funding.
The IPO will be sometime in the first half of next year.
A slew of Indian firms, including Flipkart, Byju's and Zomato, is building a path to profitability and diversifying into newer business segments ahead of mega-IPO plans.
Uber started its business three years ago in India and is now operating in over 20 cities with thousands of cab drivers.
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