Delhivery is an Indian delivery and e-commerce logistics company.[1] It was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati. The company is backed by the Carlyle Group, Tiger Global, Fosun International, SoftBank Vision Fund,[2] Nexus Venture Partners,[3] Multiples,[4] and CPP Investment Board as investors.
The Gurugram-based company has approximately 85 packing warehouses,[5] 24 automated sort centres, 75 hubs[6]Template:Clarify, 7,500+ partner centers,[7] and 50,000 employees. At present, Delhivery has the capacity to process more than 15 lakh (1.5 million) parcels per day.[8]
History
Delhivery was established in May 2011. 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.[9] During that time, the online retailing and e-commerce segment was expanding rapidly in India, with global investors showing significant interest in the industry.[10]
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.[11] 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.[12]
In March 2019, Delhivery raised its biggest round of funding with a $413 million investment from SoftBank.[13] 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.[14]
In August 2021, Delhivery acquired Spoton Logistics.[15]
Organization
Founder Sahil Barua is the CEO of Delhivery and Co-Founder Kapil Bharati is the CTO of Delhivery. Sandeep Barasia, Managing Director was appointed as the 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 CFO, took over the role of COO where he is in charge of the operations, engineering, HR, and finance of the company. Meanwhile, 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.[16]
Awards
- ET Startup of the Year Award 2019[17]
- Mahindra Transport Excellence Award 2018[18]
- Young Turk Start-up of the Year 2016[19]
See also
References
- ↑ Delhivery named 'Startup of the Year' at ET Startup Awards 2019.
- ↑ Shared Vision, Amplified Ambition. SoftBank Vision Fund. Retrieved 2020-02-16.
- ↑ Nexus Venture Partners. Retrieved 2020-02-16.
- ↑ Private Equity firm - Multiples. /www.multiplesequity.com. Retrieved 2020-02-16.
- ↑ Delhivery's two co-founders edit logistics unicorn ahead of IPO. www.businesstoday.in. Retrieved 2021-06-16.
- ↑ About Us | Delhivery. www.delhivery.com. Retrieved 2021-06-18.
- ↑ Two of the five co-founders of Delhivery exit ahead of IPO plans: Report. Free Press Journal. Retrieved 2021-06-25.
- ↑ ET Startup Awards 2019: Delhivery has upended the highly-fragmented logistics industry - ETtech. The Economic Times. Retrieved 2020-02-16.
- ↑ Sahil Barua: Leading E-commerce Logistics With Delhivery. Forbes India. Retrieved 2020-02-28.
- ↑ Amazon plans $3 billion investment in India to challenge Flipkart, Snapdeal, Kharpal, Arjun. CNBC(2016-06-08). Retrieved 2020-02-28.
- ↑ Missing package? Delhivery's new software to automatically correct inaccurate addresses. The Economic Times(2017-08-23). Retrieved 2020-02-28.
- ↑ Delhivery Becomes First Unicorn Of 2019: Read Its Outstanding Journey Over The Years!. Marketing Mind(2019-03-09). Retrieved 2020-02-28.
- ↑ $413 million funding helps delhivery enter coveted unicorn club. www.delhivery.com. Retrieved 2020-02-28.
- ↑ Logistics firm Delhivery raises $277 million, now valued at $3 billion. Business Standard India(31 May 2021). Retrieved 2021-07-15.
- ↑ IPO-bound Indian startup Delhivery acquires local logistics peer. www.techinasia.com. Retrieved 2021-08-26.
- ↑ Delhivery appoints COO & CBO amid top-level organizational changes. The Economic Times(2018-12-21). Retrieved 2020-02-19.
- ↑ ET Startup Awards 2019: Delhivery has upended the highly-fragmented logistics industry - ETtech. The Economic Times. Retrieved 2019-08-29.
- ↑ Mahindra & Mahindra Ltd. Transport Excellence Awards. www.mahindratransportawards.com. Retrieved 2020-02-17.
- ↑ Network18 honours leaders at CNBC-TV18 India Business Leader Awards, Writer, A. Staff. Livemint(2016-09-01). Retrieved 2020-02-17.
External links
- The intellectual courier, a feature in Mint on Delhivery co-founder and CEO Sahil Barua.