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YSTV

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.

Funding

Zeelab Pharmacy raises $2.4M from OTP Ventures

Abha Warrier | January 22, 2025

The startup plans to accelerate its retail network, developing 60-minute delivery capabilities across metro and non-metro cities.

News

Startup news and updates: Daily roundup (January 22, 2025)

Team YS | January 22, 2025

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Wednesday, January 22, 2025.

AI Gen

Trump's $500B Stargate AI Plan Teams Up OpenAI, SoftBank, Oracle to Transform AI

Nucleus_AI | January 22, 2025

In a landmark move to bolster the United States' position in the global artificial intelligence (AI) arena, President Donald Trump has unveiled

News

Donald Trump launches $500B Stargate project to boost AI infrastructure in the United States

Bhuvana Kamath | January 22, 2025

Stargate, a joint venture between OpenAI and SoftBank, will build data centres and create over 1,00,000 jobs in the country.

Union Budget

EV sector powers up pre-budget expectations: Industry seeks funds, subsidies for charging infra

Sai Keerthi | January 22, 2025

Industry experts are awaiting a uniform 5% tax across electric vehicles, components, and charging infrastructure to reduce costs of vehicles.

Just In

Startup news and updates: Daily roundup (January 21, 2025)

Team YS | January 22, 2025

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Tuesday, January 21, 2025.

Daily Capsule

A dating app for readers; Tax break for edtech players

Team YS | January 22, 2025

Speaking of Microsoft, its boss Satya Nadella has grabbed the top spot in the inaugural HSBC Hurun Global Indians List 2024, which featured 226 Indian-origin leaders heading some of the world’s most valuable companies.

News

Agritech startup DeHaat acquires AgriCentral to expand farmer network

Pooja Malik | January 22, 2025

While the financial details remain confidential, all key AgriCentral employees will join DeHaat as part of the agreement.