Delhivery

Delhivery is an Indian delivery and e-commerce logistics company.[4] 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,[5] Nexus Venture Partners,[6] Multiples,[7] and CPP Investment Board as investors.

Delhivery
TypePrivate
IndustryCourier
FoundedMay 2011 (May 2011) in Delhi
Founders
  • Sahil Barua
  • Mohit Tandon
  • Bhavesh Manglani
  • Suraj Saharan
  • Kapil Bharati
Headquarters
Delhi
,
India
Area served
India
Key people
  • Sahil Barua (Managing Director and Chief Executive Officer)
  • Ajith Pai (COO)
  • Kapil Bharati (Executive Director and Chief Technology Officer)
  • Sandeep Barasia (Executive Director and Chief Business Officer)
ServicesExpress Parcel, Partial-Truckload Freight, Truckload Freight, Cross-Border Services, Supply Chain Services
Revenue ₹4,644 crore (US$610 million) (FY 2021)[1]
₹−595 crore (US$−78 million) (FY 2021)[1]
Number of employees
66,000+[2] (2021)
ParentSSN Logistics Private Limited[3]
Websitedelhivery.com

The Gurugram-based company has approximately 80+ fulfilment centres,[8] 21 automated sort centres, 86 gateways[9][clarification needed], 2,235 self-operated delivery centres,[10] and 66000+ employees.

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.[11][12] for the first few months since its inception,[13] During that time, the online retailing and e-commerce segment was expanding rapidly in India, with global investors showing significant interest in the industry..[14]

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.[15] 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.[16]

In August 2021, Delhivery acquired the B2B logistics company, Spoton Logistics, for ₹1,600 crore (US$210 million).[17] In December 2021, it acquired California-based unmanned aircraft system company Transition Robotics Inc.[18]

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.[19]

Financial
Year Revenue (In crores) Profits/Loss (In crores) Total Assets (In Crores)
FY 2019 1,695 -1,783.30 4063
FY 2020 2,989 -268.93 4357
FY 2021 3838 -415.74 4598

Funding

The company is backed by The Carlyle Group, Tiger Global, Fosun International, SoftBank Vision Fund,[20] Nexus Venture Partners,[21] Multiples,[22] and CPP Investment Board.

In March 2019, Delhivery raised its biggest round of funding with a $413 million investment from SoftBank.[23] 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.[24]

Awards
  • ET Startup of the Year Award 2019[25][26]
  • Mahindra Transport Excellence Award 2018[27]
  • Young Turk Start-up of the Year 2016[28]

References
  1. "Delhivery files draft papers with Sebi for Rs 7,460 crore IPO". The Economic Times. Retrieved 16 January 2022.
  2. "About Delhivery". www.delhivery.com. Retrieved 1 May 2021.
  3. "SSN Logistics".
  4. "Coolest Start-ups: Supply-chain enabler Delhivery is rising rapidly". Business Today. Retrieved 23 February 2022.
  5. "Delhivery's two co-founders exit logistics unicorn ahead of IPO". Business Today. Retrieved 23 February 2022.
  6. "How logistics start-ups are delivering success for the e-commerce boom". The Financial Express. Retrieved 23 February 2022.
  7. "Forbes India - Sahil Barua: Leading E-commerce Logistics With Delhivery". Forbes India. Retrieved 23 February 2022.
  8. "Explained: How the acquisition of Transition Robotics will help Delhivery". The Indian Express. 9 December 2021. Retrieved 23 February 2022.
  9. Kharpal, Arjun (8 June 2016). "Amazon plans $3 billion investment in India to challenge Flipkart, Snapdeal". CNBC. Retrieved 23 February 2022.
  10. "Delhivery", Wikipedia, 14 February 2022, retrieved 23 February 2022
  11. Bhattacharyya, Anushree (14 July 2015). "How logistics start-ups are delivering success for the e-commerce boom". The Financial Express. Retrieved 27 May 2018.
  12. "Sahil Barua: Leading E-commerce Logistics With Delhivery". Forbes India. Retrieved 28 February 2020.
  13. "Explained: How the acquisition of Transition Robotics will help Delhivery". The Indian Express. 9 December 2021. Retrieved 24 January 2022.
  14. Kharpal, Arjun (8 June 2016). "Amazon plans $3 billion investment in India to challenge Flipkart, Snapdeal". CNBC. Retrieved 28 February 2020.
  15. Thomas, Anu (23 August 2017). "Missing package? Delhivery's new software to automatically correct inaccurate addresses". The Economic Times. Retrieved 28 February 2020.
  16. "Delhivery Becomes First Unicorn Of 2019: Read Its Outstanding Journey Over The Years!". Marketing Mind. 9 March 2019. Retrieved 28 February 2020.
  17. "Delhivery buys B2B company Spoton for Rs 1,600 crore". The Times of India. Retrieved 16 January 2022.
  18. "Explained: How the acquisition of Transition Robotics will help Delhivery". The Indian Express. 9 December 2021. Retrieved 16 January 2022.
  19. Gooptu, Biswarup; Sharma, Samidha (21 December 2018). "Delhivery appoints COO & CBO amid top-level organizational changes". The Economic Times. Retrieved 19 February 2020.
  20. "Shared Vision, Amplified Ambition". SoftBank Vision Fund. Retrieved 16 February 2020.
  21. "Nexus Venture Partners". Retrieved 16 February 2020.
  22. "Private Equity firm - Multiples". /www.multiplesequity.com. Retrieved 16 February 2020.
  23. "$413 million funding helps delhivery enter coveted unicorn club". www.delhivery.com. Retrieved 28 February 2020.
  24. "Logistics firm Delhivery raises $277 million, now valued at $3 billion". Business Standard India. 31 May 2021. Retrieved 15 July 2021.
  25. www.ETtech.com. "ET Startup Awards 2019: Delhivery has upended the highly-fragmented logistics industry - ETtech". The Economic Times. Retrieved 16 February 2020.
  26. Aug 2019, ET Online | 24; Ist, 06:25 Pm, Delhivery named 'Startup of the Year' at ET Startup Awards 2019, retrieved 16 February 2020
  27. "Mahindra & Mahindra Ltd. Transport Excellence Awards". www.mahindratransportawards.com. Retrieved 17 February 2020.
  28. Writer, A. Staff (1 September 2016). "Network18 honours leaders at CNBC-TV18 India Business Leader Awards". Livemint. Retrieved 17 February 2020.


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