>Yamaguchi先生 at 20:48, 7 October 2021

2021-10-07T20:48:54Z

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{{short description|Indian logistic company}}
{{Use dmy dates|date=July 2019}}
{{Infobox company
| name = Delhivery
| logo = Delhivery Logo (2019).png
| type = [[Private company|Private]]
| industry = [[Express mail|Courier]]
| fate =
| predecessor = 
| successor = 
| founded = {{start date and age|df=yes|May 2011}} in [[Delhi]]
| founders = {{plainlist|
* Sahil Barua
* Mohit Tandon
* Bhavesh Manglani
* Suraj Saharan
* Kapil Bharati
}}
| defunct = 
| hq_location_city = [[Delhi]]
| hq_location_country = India
| area_served = India
| key_people = Sahil Barua ([[CEO]])
Ajith Pai ([[Chief operating officer|COO]])
Kapil Bharathi ([[Chief technology officer|CTO]])
Sandeep Barasia ([[Chief business officer|CBO]])
| services = [[Delivery (commerce)|Delivery]], [[express mail]], [[third-party logistics]]
| owner =
| num_employees = 70,000+<ref>{{Cite web |url=https://www.delhivery.com/about/ |title=About Delhivery |website=www.delhivery.com |access-date=1 May 2021}}</ref>
| num_employees_year = 2021
| parent = SSN Logistics Private Limited<ref>{{Cite news |url=https://www.financialexpress.com/industry/delivery-boys/100492/ |title=How logistics start-ups are delivering success for the e-commerce boom |last=Bhattacharyya |first=Anushree |date=14 July 2015 |work=The Financial Express |access-date=27 May 2018}}</ref>
| website = {{URL|delhivery.com/}}
}}

'''Delhivery''' is an Indian [[Delivery (commerce)|delivery]] and [[e-commerce]] logistics company.<ref>{{Citation|last1=Aug 2019|first1=ET Online {{!}} 24|title=Delhivery named 'Startup of the Year' at ET Startup Awards 2019|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/delhivery-named-startup-of-the-year-at-et-startup-awards-2019/videoshow/70819417.cms|access-date=2020-02-16|last2=Ist|first2=06:25 Pm}}</ref> It was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati. The company is backed by the [[The Carlyle Group|Carlyle Group]], [[Tiger Management|Tiger Global]], [[Fosun International]], [[SoftBank Vision Fund]],<ref>{{Cite web|url=https://visionfund.com/in/|title=Shared Vision, Amplified Ambition|website=SoftBank Vision Fund|access-date=2020-02-16}}</ref> Nexus Venture Partners,<ref>{{Cite web|url=https://nexusvp.com/|title=Nexus Venture Partners|language=en-US|access-date=2020-02-16}}</ref> Multiples,<ref>{{Cite web|url=http://www.multiplesequity.com/|title=Private Equity firm - Multiples|website=/www.multiplesequity.com|language=en|access-date=2020-02-16}}</ref> and [[CPP Investment Board]] as investors.

The [[Gurgaon|Gurugram]]-based company has approximately 85 [[Fulfillment house|packing warehouses]],<ref>{{Cite web|title=Delhivery's two co-founders edit logistics unicorn ahead of IPO |url=https://www.businesstoday.in/current/economy-politics/delhiverys-two-co-founders-exit-logistics-unicorn-ahead-of-ipo-this-year/story/435168.html|access-date=2021-06-16|website=www.businesstoday.in}}</ref> 24 automated sort centres, 75 hubs<ref>{{Cite web|title=About Us {{!}} Delhivery|url=https://www.delhivery.com/about/|access-date=2021-06-18|website=www.delhivery.com}}</ref>{{clarify|date=November 2020}}, 7,500+ partner centers,<ref>{{Cite web|title=Two of the five co-founders of Delhivery exit ahead of IPO plans: Report|url=https://www.freepressjournal.in/business/two-of-the-five-co-founders-of-delhivery-exit-ahead-of-ipo-plans-report|access-date=2021-06-25|website=Free Press Journal|language=en}}</ref> and 50,000 employees. At present, Delhivery has the capacity to process more than 15 [[lakh]] (1.5 million) parcels per day.<ref>{{Cite news|url=https://tech.economictimes.indiatimes.com/news/startups/et-startup-awards-2019-delhivery-wins-startup-of-the-year/70322313|title=ET Startup Awards 2019: Delhivery has upended the highly-fragmented logistics industry - ETtech|last=www.ETtech.com|newspaper=[[The Economic Times]]|language=en|access-date=2020-02-16}}</ref>

== History ==
Delhivery was established in May 2011. It was initially conceptualised as a [[hyperlocal]] express delivery service provider for [[Brick and mortar|offline stores]], delivering flowers and food locally in the city of [[Gurugram]] for the first few months since its inception.<ref>{{Cite web|url=http://www.forbesindia.com/article/30-under-30/sahil-barua-leading-ecommerce-logistics-with-delhivery/39563/1|title=Sahil Barua: Leading E-commerce Logistics With Delhivery|website=Forbes India|language=en|access-date=2020-02-28}}</ref> During that time, the online retailing and [[e-commerce]] segment was expanding rapidly in India, with global investors showing significant interest in the industry.<ref>{{Cite web|url=https://www.cnbc.com/2016/06/08/amazon-plans-3-billion-investment-in-india-to-challenge-flipkart-snapdeal.html|title=Amazon plans $3 billion investment in India to challenge Flipkart, Snapdeal|last=Kharpal|first=Arjun|date=2016-06-08|website=CNBC|language=en|access-date=2020-02-28}}</ref>

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.<ref>{{Cite news|last=Thomas|first=Anu|url=https://economictimes.indiatimes.com/small-biz/startups/missing-package-delhiverys-new-software-to-automatically-correct-inaccurate-addresses/articleshow/60185972.cms|title=Missing package? Delhivery's new software to automatically correct inaccurate addresses|date=2017-08-23|work=The Economic Times|access-date=2020-02-28}}</ref> 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.<ref>{{Cite web|url=https://www.marketingmind.in/delhivery-becomes-first-unicorn-of-2019-read-its-outstanding-journey-over-the-years/|title=Delhivery Becomes First Unicorn Of 2019: Read Its Outstanding Journey Over The Years!|date=2019-03-09|website=Marketing Mind|language=en-US|access-date=2020-02-28}}</ref>

In March 2019, Delhivery raised its biggest round of funding with a $413 million investment from [[SoftBank Group|SoftBank]].<ref>{{Cite web|url=https://www.delhivery.com/news/413-million-funding-helps-delhivery-enter-coveted-unicorn-club/|website=www.delhivery.com|access-date=2020-02-28|title=$413 million funding helps delhivery enter coveted unicorn club}}</ref> In May 2021, Delhivery revealed it has further raised $277 million in a funding round led by [[Fidelity Investments|Fidelity]], taking its market valuation to nearly $3 billion.<ref>{{Cite news|url=https://www.business-standard.com/article/companies/logistics-firm-delhivery-raises-277-million-now-valued-at-3-billion-121053100232_1.html|newspaper=Business Standard India|access-date=2021-07-15|title=Logistics firm Delhivery raises $277 million, now valued at $3 billion|date=31 May 2021}}</ref>

In August 2021, Delhivery acquired Spoton Logistics.<ref>{{Cite web|url=https://www.techinasia.com/softbankbacked-delhivery-acquires-indian-logistics-firm-spoton-logistics|website=www.techinasia.com|access-date=2021-08-26|title=IPO-bound Indian startup Delhivery acquires local logistics peer}}</ref>

== Organization ==
Founder Sahil Barua is the [[Chief executive officer|CEO]] of Delhivery and Co-Founder Kapil Bharati is the CTO of Delhivery. Sandeep Barasia, Managing Director was appointed as the [[Chief business officer|Chief Business Officer]] in December 2018. He is in charge of the P&L across the parcel, warehousing, and freight divisions. At the same time, Ajith Pai, who was the [[Chief financial officer|CFO]], took over the role of [[Chief operating officer|COO]] where he is in charge of the operations, engineering, HR, and finance of the company. Meanwhile, [[Indian Institute of Technology Kanpur|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.<ref>{{Cite news|last1=Gooptu|first1=Biswarup|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/delhivery-appoints-coo-cbo-amid-top-level-organizational-changes/articleshow/67195444.cms|title=Delhivery appoints COO & CBO amid top-level organizational changes|date=2018-12-21|work=The Economic Times|access-date=2020-02-19|last2=Sharma|first2=Samidha}}</ref>

== Awards ==

* ET Startup of the Year Award 2019<ref>{{Cite news|url=https://tech.economictimes.indiatimes.com/news/startups/et-startup-awards-2019-delhivery-wins-startup-of-the-year/70322313|title=ET Startup Awards 2019: Delhivery has upended the highly-fragmented logistics industry - ETtech|last=www.ETtech.com|newspaper=The Economic Times|access-date=2019-08-29}}</ref>
*Mahindra Transport Excellence Award 2018<ref>{{Cite web|url=https://www.mahindratransportawards.com/2018.html|title=Mahindra & Mahindra Ltd. Transport Excellence Awards|website=www.mahindratransportawards.com|access-date=2020-02-17}}</ref>
*Young Turk Start-up of the Year 2016<ref>{{Cite web|url=https://www.livemint.com/Companies/iQdvnWEdQhZjpXYubgN8lI/Network18-honours-leaders-at-CNBCTV18-India-Business-Leader.html|title=Network18 honours leaders at CNBC-TV18 India Business Leader Awards|last=Writer|first=A. Staff|date=2016-09-01|website=Livemint|language=en|access-date=2020-02-17}}</ref>

==See also==
*[[Blue Dart Express]]
*[[FedEx]]
*[[United Parcel Service|UPS]]

== References ==
{{reflist}}

== External links ==
* [https://www.livemint.com/Leisure/PjKgD12aLwWoYbztMBD4iI/The-intellectual-courier.html The intellectual courier], a feature in [[Mint (newspaper)|Mint]] on Delhivery co-founder and CEO Sahil Barua.

{{Logistics companies of India}}

[[Category:Logistics companies of India]]
[[Category:E-commerce in India]]
[[Category:Indian companies established in 2011]]
[[Category:Indian brands]]
[[Category:2011 establishments in Delhi]]
[[Category:Companies based in Delhi]]

{{India-company-stub}}

Delhivery - Revision history

>Yamaguchi先生 at 20:48, 7 October 2021