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 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]

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 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 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. [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

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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. ↑ 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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