Delhivery

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Delhivery
Company typePublic
ISININE148O01028
IndustryLogistics
FoundedMay 2011 (13 years ago) (May 2011) in Delhi
Founders
  • Sahil Barua
  • Mohit Tandon
  • Bhavesh Manglani
  • Suraj Saharan
  • Kapil Bharati
Headquarters
Gurgaon, Haryana
,
India
Area served
India
Key people
  • Sahil Barua (
    CEO
    )
  • Ajith Pai (COO)
  • Kapil Bharati (
    CTO
    )
  • Sandeep Barasia (
    CBO
    )
Services
freight forwarding
RevenueIncrease ₹8,142 crore (US$980 million) (FY24)[1]
Increase ₹127 crore (US$15 million) (FY24)[1]
Positive decrease ₹−249 crore (US$−30 million) (FY24)[1]
Number of employees
63,713[2] (2024)
Websitedelhivery.com

Delhivery is an Indian logistics and supply chain company, based in Gurgaon.[3] It was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati. The company has over 85 fulfillment centers, 29 automated sort centers, 160 hubs, 7,500+ partner centers, and 3,500+ direct delivery centers, as of 2021.[4] About two-thirds of its revenue comes from providing third-party logistics and delivery services to e-commerce companies.[5]

History

Delhivery was established in May 2011 as SSN Logistics Ltd. It was initially conceptualised as a hyperlocal express delivery service provider for offline stores, delivering flowers and food locally in the city of Gurugram for the first few months since its inception.[6][7][8] During that time, the online retailing and e-commerce segment was expanding rapidly in India, with global investors showing significant interest in the industry.[9]

Founders Barua and Tandon, who were at the time working as consultants with the management consulting firm, Bain & Company, were intrigued by the size and potential of the industry, and decided to focus on the segment.[10] In June 2011, Delhivery signed its first e-commerce client, Urban Touch, which is an online fashion and beauty retailer. By August 2011, Delhivery had switched completely to offering logistics services to a number of e-commerce companies.[11]

In March 2019, Delhivery raised its biggest round of funding with a $413 million investment from SoftBank.[12] In May 2021, Delhivery revealed it has further raised $277 million in a funding round led by Fidelity, taking its market valuation to nearly $3 billion.[13]

In August 2021, Delhivery acquired the B2B logistics company, Spoton Logistics, for ₹1,600 crore (US$190 million).[14] In December 2021, it acquired California-based unmanned aircraft system company Transition Robotics Inc.[15]

Delhivery raised ₹2,347 crore (US$280 million) of funding from 64 anchor investors ahead of its initial public offering in May 2022.[16] In May 2022, Delhivery launched its initial public offering (IPO) of ₹5,235 crore (US$630 million) at a valuation of ₹35,283 crore (US$4.2 billion) and got listed on the BSE and NSE.[17]

Organization

Founder Sahil Barua is the

IIT-Kanpur alumnus Amit Agarwal, who was earlier the vice president-finance at Delhivery, took over the role of CFO. The company witnessed the exit of two founders on 30 March 2021.[18]

Investors

As of May 2024, the largest stakeholders in the company are SoftBank Group (11.74%), SBI Funds Management (9.10%) and Nexus Venture Partners (8.96%).[19] Delhivery had raised about US$1.4 billion from its investors across 13 private fundraising rounds until December 2021.[20]

Awards

  • ET Startup of the Year Award 2019[21][22]
  • Mahindra Transport Excellence Award 2018[23]
  • Young Turk Start-up of the Year 2016[24]

References

  1. ^ a b c "Earnings Presentation - Q4 & FY24" (PDF). Delhivery. Retrieved 18 May 2024.
  2. ^ "About Us - Delhivery". www.delhivery.com. Archived from the original on 17 May 2021. Retrieved 1 May 2021.
  3. ^ "How supply-chain enabler Delhivery is rising rapidly". Business Today. 13 April 2014. Archived from the original on 16 January 2022. Retrieved 16 January 2022.
  4. ^ "Delhivery's two co-founders exit logistics unicorn ahead of IPO". www.businesstoday.in. 29 March 2021. Archived from the original on 31 May 2021. Retrieved 16 June 2021.
  5. ^ "Delhivery aims for $4 billion valuation". Hindustan Times. 9 June 2021. Archived from the original on 5 May 2022. Retrieved 5 May 2022.
  6. ^ Bhattacharyya, Anushree (14 July 2015). "How logistics start-ups are delivering success for the e-commerce boom". The Financial Express. Archived from the original on 28 May 2018. Retrieved 27 May 2018.
  7. ^ "Sahil Barua: Leading E-commerce Logistics With Delhivery". Forbes India. Archived from the original on 28 May 2018. Retrieved 28 February 2020.
  8. ^ "Explained: How the acquisition of Transition Robotics will help Delhivery". The Indian Express. 9 December 2021. Archived from the original on 16 January 2022. Retrieved 24 January 2022.
  9. ^ Kharpal, Arjun (8 June 2016). "Amazon plans $3 billion investment in India to challenge Flipkart, Snapdeal". CNBC. Archived from the original on 16 April 2019. Retrieved 28 February 2020.
  10. ^ Thomas, Anu (23 August 2017). "Missing package? Delhivery's new software to automatically correct inaccurate addresses". The Economic Times. Archived from the original on 26 May 2018. Retrieved 28 February 2020.
  11. ^ "Delhivery Becomes First Unicorn Of 2019: Read Its Outstanding Journey Over The Years!". Marketing Mind. 9 March 2019. Archived from the original on 28 February 2020. Retrieved 28 February 2020.
  12. ^ "$413 million funding helps delhivery enter coveted unicorn club". www.delhivery.com. Archived from the original on 9 April 2020. Retrieved 28 February 2020.
  13. ^ "Logistics firm Delhivery raises $277 million, now valued at $ billion". Business Standard India. 31 May 2021. Archived from the original on 14 July 2021. Retrieved 15 July 2021.
  14. ^ "Delhivery buys B2B company Spoton for Rs 1,600 crore". The Times of India. Archived from the original on 18 January 2022. Retrieved 16 January 2022.
  15. ^ "Explained: How the acquisition of Transition Robotics will help Delhivery". The Indian Express. 9 December 2021. Archived from the original on 16 January 2022. Retrieved 16 January 2022.
  16. ^ "Delhivery raises Rs 2,347 crore from 64 anchor investors ahead of IPO". The Economic Times. Archived from the original on 11 May 2022. Retrieved 11 May 2022.
  17. ^ "Delhivery IPO | Price band set at Rs 462-487 a share; firm valued at Rs 35,283 crore". Moneycontrol. Archived from the original on 5 May 2022. Retrieved 5 May 2022.
  18. ^ Gooptu, Biswarup; Sharma, Samidha (21 December 2018). "Delhivery appoints COO & CBO amid top-level organizational changes". The Economic Times. Archived from the original on 23 December 2018. Retrieved 19 February 2020.
  19. ^ "Delhivery Limited: Shareholders Board Members Managers and Company Profile". MarketScreener. Retrieved 23 May 2024.
  20. ^ "Delhivery". tracxn.com. Archived from the original on 28 January 2020. Retrieved 5 May 2022.
  21. ^ www.ETtech.com. "ET Startup Awards 2019: Delhivery has upended the highly-fragmented logistics industry - ETtech". The Economic Times. Archived from the original on 24 July 2019. Retrieved 16 February 2020.
  22. ^ Aug 2019, ET Online | 24; Ist, 06:25 Pm (24 August 2019), Delhivery named 'Startup of the Year' at ET Startup Awards 2019, archived from the original on 21 September 2020, retrieved 16 February 2020{{citation}}: CS1 maint: numeric names: authors list (link)
  23. ^ "Mahindra & Mahindra Ltd. Transport Excellence Awards". www.mahindratransportawards.com. Archived from the original on 17 February 2020. Retrieved 17 February 2020.
  24. ^ Writer, A. Staff (1 September 2016). "Network18 honours leaders at CNBC-TV18 India Business Leader Awards". Livemint. Archived from the original on 1 September 2016. Retrieved 17 February 2020.

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