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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News
CPPIB to sell 2.34 crore shares in Delhivery in block deal
Trisha Medhi | July 11, 2024
Delhivery shares rose after the block deal and closed at Rs 387.75 on the BSE on Wednesday. However, it was down today by 2.62% at 11:49 am.
News
Delhivery approves allotment of 6.49 lakh ESOP shares
Abha Warrier | July 9, 2024
Delhivery said the breakdown of shares allotted is 3,42,347 shares under its ESOP 2012, 1,87,500 shares (ESOP II 2020) and 1,19,700 shares (ESOP III 2020).
News
Delhivery gets MCA nod for incorporating its drone subsidiary
Trisha Medhi | July 5, 2024
In its regulatory filing, the company informed that the ministry has approved the incorporation of the wholly-owned subsidiary 'Delhivery Robotics India Private Limited' on July 3.
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.