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Delhivery

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Delhivery
Company typeSubsidiary
IndustryCourier/Supply Chain
FoundedMay 2011; 13 years ago (May 2011) in Delhi
Founders
  • Sahil Barua
  • Mohit Tandon
  • Bhavesh Manglani
  • Suraj Saharan
  • Kapil Bharati
Headquarters
Delhi, India
,
India
Area served
India
Key people
Sahil Barua CEO

Ajith Pai COO

Sandeep Barasia CBO

Kapil Bharati CTO
ProductsDelivery, express mail, third-party logistics
Number of employees
70,000+[1] (2021)
ParentSSN Logistics Private Limited[2]
Websitedelhivery.com

Delhivery is an Indian delivery company.[3] It was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati The company is backed by the Carlyle Group, Tiger Global, Fosun International, SoftBank Vision Fund,[4] Nexus Venture Partners,[5] Multiples,[6] and CPP Investment Board as investors.

The Gurugram-based company has approximately 75 packing warehouses, 24 automated sort centres, 70 hubs[clarification needed], 2,500 delivery centres[clarification needed], 14,000 vehicles, and 50,000 employees. At present, Delhivery has the capacity to process more than 15 lakh (1.5 million) parcels per day.[7]

History

Delhivery was established in May 2011. It was initially conceptualised as a hyperlocal express delivery service provider for offline stores, delivering flowers and food locally in the city of Gurugram for the first few months since its inception.[8] During that time, the online retailing and e-commerce segment was expanding rapidly in India, with global investors showing significant interest in the industry.[9]

Founders Barua and Tandon, who were at the time working as consultants with the management consulting firm, Bain & Company, were intrigued by the size and potential of the industry, and decided to focus on the segment.[10] In June 2011, Delhivery signed its first e-commerce client, Urban Touch, which is an online fashion and beauty retailer. By August 2011, Delhivery had switched completely to offering logistics services to a number of e-commerce companies.[11]

In March 2019, Delhivery raised its biggest round of funding with a $413 million investment from SoftBank.[12] Delhivery raised $277 million ahead of IPO in May 2021; the company is now valued at $3 billion.[citation needed]

Organization

Founder Sahil Barua is the CEO of Delhivery. Sandeep Barasia, Managing Director has been appointed as the Chief Business Officer in December 2018. He is in charge of the P&L across the parcel, warehousing, and freight divisions. At the same time, Ajith Pai, who was the CFO, took over the role of COO where he is in charge of the operations, engineering, HR, and finance of the company. Meanwhile, IIT-Kanpur alumnus Amit Agarwal, who was earlier the vice president-finance at Delhivery, took over the role of CFO. The company witnessed the exit of two founders on 30th March 2021. [13]

Awards

  • ET Startup of the Year Award 2019[14]
  • Mahindra Transport Excellence Award 2018[15]
  • Young Turk Start-up of the Year 2016[16]

See also

References

  1. ^ "About Delhivery". www.delhivery.com. Retrieved 1 May 2021.
  2. ^ Bhattacharyya, Anushree (14 July 2015). "How logistics start-ups are delivering success for the e-commerce boom". The Financial Express. Retrieved 27 May 2018.
  3. ^ Aug 2019, ET Online | 24; Ist, 06:25 Pm, Delhivery named ‘Startup of the Year’ at ET Startup Awards 2019, retrieved 16 February 2020{{citation}}: CS1 maint: numeric names: authors list (link)
  4. ^ "Shared Vision, Amplified Ambition". SoftBank Vision Fund. Retrieved 16 February 2020.
  5. ^ "Nexus Venture Partners". Retrieved 16 February 2020.
  6. ^ "Private Equity firm - Multiples". Multiples Website. Retrieved 16 February 2020.
  7. ^ www.ETtech.com. "ET Startup Awards 2019: Delhivery has upended the highly-fragmented logistics industry - ETtech". ETtech.com. Retrieved 16 February 2020.
  8. ^ "Sahil Barua: Leading E-commerce Logistics With Delhivery". Forbes India. Retrieved 28 February 2020.
  9. ^ Kharpal, Arjun (8 June 2016). "Amazon plans $3 billion investment in India to challenge Flipkart, Snapdeal". CNBC. Retrieved 28 February 2020.
  10. ^ Thomas, Anu (23 August 2017). "Missing package? Delhivery's new software to automatically correct inaccurate addresses". The Economic Times. Retrieved 28 February 2020.
  11. ^ "Delhivery Becomes First Unicorn Of 2019: Read Its Outstanding Journey Over The Years!". Marketing Mind. 9 March 2019. Retrieved 28 February 2020.
  12. ^ www.delhivery.com https://www.delhivery.com/news/413-million-funding-helps-delhivery-enter-coveted-unicorn-club/. Retrieved 28 February 2020. {{cite web}}: Missing or empty |title= (help)
  13. ^ Gooptu, Biswarup; Sharma, Samidha (21 December 2018). "Delhivery appoints COO & CBO amid top-level organizational changes". The Economic Times. Retrieved 19 February 2020.
  14. ^ www.ETtech.com. "ET Startup Awards 2019: Delhivery has upended the highly-fragmented logistics industry - ETtech". ETtech.com. Retrieved 29 August 2019.
  15. ^ "Mahindra & Mahindra Ltd. Transport Excellence Awards". www.mahindratransportawards.com. Retrieved 17 February 2020.
  16. ^ Writer, A. Staff (1 September 2016). "Network18 honours leaders at CNBC-TV18 India Business Leader Awards". Livemint. Retrieved 17 February 2020.


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