Delhivery

Last updated

Delhivery Limited
Company type Public
ISIN INE148O01028
Industry Logistics
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 (MD and CEO)
  • Ajith Pai (COO)
  • Kapil Bharati (CTO)
  • Sandeep Barasia (CBO)
Services Delivery, express mail, third-party logistics, supply chain management, truckload shipping, partial truckload shipping, freight forwarding
RevenueIncrease2.svg ₹ 8,142 crore (US$980 million) (FY24) [1]
Increase2.svg₹127 crore (US$15 million) (FY24) [1]
Decrease Positive.svg₹−249 crore (US$−30 million) (FY24) [1]
Number of employees
63,713 [2]  (2024)
Website delhivery.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 centres, 29 automated sort centres, 160 hubs, 7,500+ partner centres, and 3,500+ direct delivery centres, as of 2021. [4] About two-thirds of its revenue comes from providing third-party logistics and delivery services to e-commerce companies. [5]

Contents

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 Gurgaon at the time of 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 the NSE. [17]

In 2024, Delhivery became one of the sponsors of the Royal Challengers Bangalore team in the Indian Premier League. [18]

Organisation

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]

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%). [20] Delhivery had raised about US$1.4 billion from its investors across 13 private fundraising rounds until December 2021. [21]

Awards

Related Research Articles

<span class="mw-page-title-main">Reliance Industries</span> Indian multinational conglomerate

Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai, India. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue, and the 100th largest company worldwide. It is India's largest private tax payer and largest exporter, accounting for 7% of India's total merchandise exports.

<span class="mw-page-title-main">Times Internet</span> Indian multinational technology company

Times Internet is an Indian multinational technology company, headquartered in Gurgaon, India which owns, operates and invests in various internet-led products, services and technology. It is the digital arm of The Times Group, the largest media conglomerate in India. Times Internet currently owns and operates 39+ digital products across news, sports, music, video, trivia, spirituality and a suite of transaction-led market-places across real estate, personal finance, education, jobs, table reservation, agri-business, etc.

<span class="mw-page-title-main">Alibaba Group</span> Chinese multinational technology company

Alibaba Group Holding Limited, branded as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese and global marketplaces, as well as local consumer, digital media and entertainment, logistics and cloud computing services. It owns and operates a diverse portfolio of companies around the world in numerous business sectors.

Tech Mahindra is an Indian multinational information technology services and consulting company. It was formed in 1986 as a joint venture between BT Group and Mahindra & Mahindra. Part of the Mahindra Group, the company is headquartered in Pune and has its registered office in Mumbai.

Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. Shopify is the name of its proprietary e-commerce platform for online stores and retail POS (point-of-sale) systems. The platform offers retailers a suite of services, including payments, marketing, shipping and customer engagement tools.

Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.

India has an Internet user base of about 690.0 million as of November 2023, about 40% of the population. Despite being the second-largest user base in world, only behind China, the penetration of e-commerce is low compared to markets like the United States, or France, but is growing, adding around 6 million new entrants every month. The industry consensus is that growth is at an inflection point.

Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal.

MobiKwik is an Indian payment service provider founded in 2009 that provides a mobile phone-based payment system and digital wallet. Customers can add money to an online wallet that can be used for payments. In 2013 the Reserve Bank of India authorized the company's use of the MobiKwik wallet, and in May 2016 the company began providing small loans to consumers as part of its service.

<span class="mw-page-title-main">Paytm</span> Indian financial technology company

Paytm is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida, India. Paytm was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. The company offers mobile payment services to consumers and enables merchants to receive payments through QR code payment, Soundbox, Android-based-payment terminal, and online payment gateway. In partnership with financial institutions, Paytm also offers financial services such as microcredit and buy now, pay later to its consumers and merchants.

OYO Rooms, also known as OYO Hotels & Homes, is an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces. Founded in 2012 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. As of January 2020, it has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries.

FSN E-Commerce Ventures Ltd, d/b/a Nykaa, is an Indian retail company, headquartered in Mumbai. It sells beauty, wellness and fashion products through its website, mobile app and over 100 physical stores. In 2020, it became the first Indian unicorn startup headed by a woman.

<span class="mw-page-title-main">Vedantu</span> Indian Multinational Educational technology company

Vedantu is an Indian multinational online tutoring platform launched in 2014 based in Bengaluru, India. It primarily provides services to students in grades 4 to 12.

Craftsvilla is an Indian e-commerce portal that sells ethnic apparel, footwear, fashion accessories, beauty products, handcrafted home accessories and other ethnic fashion and lifestyle products. The company is headquartered in Mumbai, Maharashtra.

Byju's is an Indian multinational educational technology company, headquartered in Bengaluru. It was founded in 2011 by Byju Raveendran and Divya Gokulnath. As of October 2024, various media outlets reported that Byju's valuation has now plummeted to zero, down from its peak valuation of $22 billion in 2022. In April 2023, the company claimed it had over 150 million registered students.

<span class="mw-page-title-main">EaseMyTrip</span> Indian online travel company

EaseMyTrip is an Indian multinational online travel company, headquartered in New Delhi. It was founded in 2008 by Nishant Pitti, Rikant Pitti, and Prashant Pitti. The company provides hotel bookings, air tickets, domestic and international holiday packages, bus bookings, and white-label services. EaseMyTrip has overseas offices in Singapore, UAE and Thailand with country-specific websites for UAE, UK and Thailand.

Swiggy is an Indian online food ordering and delivery company. Founded in 2014, Swiggy is headquartered in Bangalore and operates in more than 580 Indian cities, as of July 2023. Besides food delivery, the platform also provides quick commerce services under the name Swiggy Instamart, and same-day package deliveries with Swiggy Genie.

Pepperfry Limited, formerly known as Pepperfry, is an Indian online marketplace for furniture and home décor. The company was founded in July 2011 by Ambareesh Murty and Ashish Shah, and is headquartered in Mumbai. As of 2023, Pepperfry has 43 company-owned studios and 142 studios operating under its franchise model.

<span class="mw-page-title-main">One97 Communications</span> Indian multinational technology company

One97 Communications Ltd is an Indian multinational technology company, headquartered in Noida, Uttar Pradesh, India. It was founded in 2000 by Vijay Shekhar Sharma. Through its subsidiaries and businesses, the company offers digital payment and financial services to consumers and merchants in India. It also provides mobile advertising, marketing and payments for merchants.

References

  1. 1 2 3 "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. ↑ Naresh, Rahul (15 April 2024). "Royal Challengers Bengaluru (RCB) Sponsors 2024". SportsKhabri. Retrieved 27 October 2024.
  19. ↑ 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.
  20. ↑ "Delhivery Limited: Shareholders Board Members Managers and Company Profile". MarketScreener. Retrieved 23 May 2024.
  21. ↑ "Delhivery". tracxn.com. Archived from the original on 28 January 2020. Retrieved 5 May 2022.
  22. ↑ 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.
  23. ↑ 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)
  24. ↑ "Mahindra & Mahindra Ltd. Transport Excellence Awards". www.mahindratransportawards.com. Archived from the original on 17 February 2020. Retrieved 17 February 2020.
  25. ↑ 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.


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.