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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Report
Ecommerce poised for 20% growth this festive season: Delhivery report
Pooja Malik | September 13, 2024
In its report, Delhivery said AI recommendations are playing a key role in shaping consumer choices, with 61% of consumers finding them as extremely beneficial.
News
Delhivery in better position than Ecom Express, says report
Akshita Toshniwal | August 23, 2024
The report by HSBC Global Research states that Delhivery’s revenue from express parcel business surpassed Ecom Express’ by 2.2x in FY24, with an overall lead of 3.1x in total revenue.
News
Nexus Ventures Partners sells 1.06% stake in Delhivery for Rs 344 Cr
Press Trust of India | August 22, 2024
At the end of the June quarter, Nexus Ventures III held a 7% stake in the Gurugram-based integrated third-party logistics service provider.
Daily Capsule
Delhivery swings to profit; Infibeam Avenues net profit soars 2.7X
Team YS | August 3, 2024
Delhivery has also decided to provide dark stores and delivery services to ecommerce companies as it attempts to create new revenue streams.
News
Delhivery to provide dark stores for ecommerce companies amid soaring demand
Trisha Medhi | August 2, 2024
During its earnings call, Delhivery said the dark store network will be for 2-4 hour deliveries, not 15-20 minute ones.
News
Delhivery swings to a profit of Rs 54 Cr in Q1 FY25
Trisha Medhi | August 2, 2024
IPO-bound Delhivery reported an increase in its EBITDA to Rs 97 crore in Q1 FY25 against an EBITDA loss of Rs 13 crore in Q1 FY24.
