Softbank Vision Fund has invested $413 million in Delhivery, one of the fastest growing e-commerce fulfillment and logistics companies in India, according to a company release.

Carlyle and Fosun, which are existing investors in Delhivery, participated in the funding round.

Delhivery will use the funding to rapidly scale up its service, expanding from 15,000 Pincodes — India's equivalent of a U.S. ZIP code — to approximately 20,000 Pincodes by the first quarter of 2020. The company also plans to grow its e-commerce investment to increase market share and expand its end-to-end supply chain business to enterprises and SMEs.

"We are glad to add Softbank as a key partner, and further expand our partnership with Carlyle and Fosun as we build our vision of creating the operating system for commerce in India," Delhivery Chief Executive Sahil Burua said in the release.

He said the company would be scaling up its more recent warehousing and freight services through large investments in infrastructure and technology, as well as global partnerships. The company also plans to make improvements to the reach, reliability and efficiency of its transportation organization.

Delhivery says it has maintained a 65 percent compound annual growth rate since fiscal 2015, and says that 25 percent of all packages in the country — more than 500,000 parcels a day — go through the company's network.