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Delhivery – Company Profile

Delhivery is India’s leading third-party logistics and supply chain services company. Delhivery was founded in 2011 and is headquartered in Gurgaon. Riding the massive e-commerce boom in the country, Delhivery has consistently grown over the years. What started as a hyperlocal express delivery service catering to local clients in Gurgaon has now expanded operations pan-India. Delhivery also facilitates cross-border trade through its network of global logistics companies, clearance agents and forwarders.

The company describes itself as the operating system of commerce in India, offering a wide range of services such as warehousing, parcel transportation, reverse logistics and technology services. Delhivery serves more than 10,000 clients including top organizations and India’s largest e-commerce companies. Delhivery achieved the Unicorn status in 2019 after it was valued at $1.6 billion.

History:

It all began in 2011, when two of the company’s founders, Sahil Barua and Mohit Tandon, were working with management consulting firm Bain & Company. The duo realized the huge potential of online retail segment in the country, which at that time was at a nascent stage. The founders also noticed that even though there were several e-commerce companies, there were very few companies providing dedicated logistics and supply chain services. The founders decided to fill this gap and subsequently launched Delhivery.

As of now, Delhivery has 75 fulfillment centers, 24 automated sort centers, 70 hubs, and more than 2500 direct delivery centers spread across India. Supported by a team of more than 40,000 staff members, 14000+ vehicles and 8000+ partner centers, the company delivers around a million packages every day. Delhivery now serves more than 18000 pin codes across 2500+ locations in the country.

Funding:

Delhivery has received investments worth $934.6 million through six rounds of funding. Top investors include SoftBank, CPPIB (Canada Pension Plan Investment Board), Tiger Global Management, Nexus Venture Partners, Fosun Group, Multiples Alternate Asset Management and Carlyle Group.

Acquisitions:

Delhivery acquired the India business of logistics firm Aramex, which is based out of Dubai. Delhivery is also in talks with other logistics and supply chain companies to boost its B2B operations.

Competitors:

Delhivery competes with other third-party logistics service providers such as Ecom Express, GoJavas, Ekart Logistics, and XpressBees. Other competitors include DHL, Blue Dart, FedEx, and DTDC.

About the Founders:

Delhivery was founded by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan and Kapil Bharati. Sahil Barua currently serves as the CEO of the company, while Mohit Tandon and Kapil Bharati are deployed as CBO and CTO, respectively.

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