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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Corporate
Indian Startup stocks in red after stock markets crash
Thimmaya Poojary | June 4, 2024
The stock price of all the Indian startups declined on Tuesday, with the steepest fall registered by Honasa Consumer at 6.55% followed by Delhivery at 6.26%.
Corporate
Indian startup stocks gain as markets touch historic high
Thimmaya Poojary | June 3, 2024
The majority of the listed companies that emerged from the Indian startup ecosystem were trading higher, except for Nykaa and Zomato.
AI Gen
Delhivery: Preferred Logistics Partner for Early-Stage D2C Brands
Nucleus_AI | May 30, 2024
As India's direct-to-consumer (D2C) market flourishes, third-party logistics (3PL) providers are emerging as essential partners for early-stage D2C brands.
Logistics
Delhivery's net loss down by 57% in Q4 FY24; forms subsidiary to make drones
Trisha Medhi | May 17, 2024
The logistics company is setting up a wholly-owned subsidiary, Delhivery Robotics India, to manufacture drones and provide freight air transportation services.
Daily Capsule
Delhivery's Ajith Pai on Indian consumerism; IT companies’ growth expectations
Team YS | April 13, 2024
Delhivery COO Ajith Pai sees the habits of middle India—big aspirations taking off through small purchases. The $245 billion Indian IT industry continues to face the challenge of an uncertain macroeconomic environment, especially in its key markets of North America and Europe.
Interview
Aspiration is seeing a resurgence in Indian consumers: Delhivery COO Ajith Pai
Shradha Sharma | April 12, 2024
As Indians turn eager to experiment and more willing to buy, the stage is set for thousands of homegrown brands to reach them. Logistics company Delhivery sees itself as an important link in this chain.