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Company type | Public |
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ISIN | INE148O01028 |
Industry | Logistics |
Founded | May 2011Delhi | in
Founders |
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Headquarters | , India |
Area served | India |
Key people | |
Services | Delivery, express mail, third-party logistics, supply chain management, truckload shipping, partial truckload shipping, freight forwarding |
Revenue | ![]() |
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Number of employees | 63,713 [1] (2024) |
Website | delhivery.com |
Footnotes /references Financials as of 31 March 2025 [update] . [2] |
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.
Delhivery was established in May 2011 as SSN Logistics Ltd, initially conceptualised as a hyperlocal express delivery service provider for offline stores, delivering flowers and food in Gurgaon. [4] [5] [6] During that time, the online retailing and e-commerce segment was expanding rapidly in India, with global investors showing significant interest in the industry. [7]
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. [8] 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. [9]
In March 2019, Delhivery raised its biggest round of funding with a $413 million investment from SoftBank. [10] 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. [11]
In August 2021, Delhivery acquired the B2B logistics company, Spoton Logistics, for ₹ 1,600 crore (US$190 million). [12] In December 2021, it acquired California-based unmanned aircraft system company Transition Robotics Inc. [13]
Delhivery raised ₹2,347 crore (US$280 million) of funding from 64 anchor investors ahead of its initial public offering in May 2022. [14] In May 2022, Delhivery launched its initial public offering (IPO) of ₹5,235 crore (US$620 million) at a valuation of ₹35,283 crore (US$4.2 billion) and got listed on the BSE and the NSE. [15]
In 2024, Delhivery became one of the sponsors of the Royal Challengers Bangalore team in the Indian Premier League. [16]
Founder Sahil Barua is the CEO of Delhivery and Co-Founder Kapil Bharati is the CTO of Delhivery. The company witnessed the exit of two founders on 30 March 2021. [17]
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%). [18] Delhivery had raised about US$1.4 billion from its investors across 13 private fundraising rounds until December 2021. [19]
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