Delhivery
Delhivery SSN Logistics Private Limited started its operations as a last-mile logistics provider in Delhi-NCR (National Capital Region) in 2011. Founded by Sahil Barua, Mohit Tandon, Suraj Saharan, Bhavesh Manglani, and Kapil Bharati, it is among India's leading logistics and supply chain services companies today.
It provides a range of services, such as warehousing, transportation, freight, and order fulfilment, and has expanded its footprint globally, establishing cross-border shipping solutions to facilitate international e-commerce trade.
In 2012, it raised $1.5 million in Series A funding, expanded to two cities, handling 50,000 shipments/month. In 2013, it raised $6 million in Series B funding.
In 2014, Delhivery raised $5 million in funding from Nexus Venture Partners in its Series B funding round.
In 2015, Delhivery raised $85 million in its Series D funding round, led by Tiger Global Management, and by 2017, it reached 12,000+ pincodes and 1,200+ cities. Later in 2019, SoftBank's investment made them India's first unicorn that year.
In May 2022, the company launched its IPO, making a tepid debut in the stock market. For the financial year 2022-23, Delhivery reported a revenue of Rs 7,225 crore.
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Daily Capsule
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In-focus
Grest wants to show that refurbished phones can be as good as new
Pooja Malik | January 18, 2025
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Corporate
Wipro registers 24.5% rise in Q3 net profit, revenue growth mostly flat
Thimmaya Poojary | January 17, 2025
Wipro was cautiously optimistic on the demand outlook for 2025 and sees early signs of higher investments into technology.
News
Zomato infuses Rs 500 Cr into Blinkit for expansion and growth
Pooja Malik | January 17, 2025
The latest infusion comes after Zomato raised Rs 8,500 crore through a Qualified Institutions Placement (QIP) in November 2024.
Mergers and Acquisitions
MoEVing acquires Euler Motor’s EVonGO to strengthen fleet operations, expansion
Sai Keerthi | January 17, 2025
The acquisition expands MoEVing fleet by 30% and strengthens expansion into cities including Delhi-NCR, Bengaluru, and Hyderabad.
AI Gen
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Nucleus_AI | January 17, 2025
In a groundbreaking move for climate action, tech giant Google has inked its largest biochar carbon removal agreement to date with Indian start-up Varaha.