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Line 1: {{short description\|Indian Logistics Company}} {{Use Indian English\|date=July 2019}} {{Use dmy dates\|date=July 2019}} {{Infobox company \| name = Delhivery ~~Limited~~ \| logo = Delhivery Logo (2019).png \| type = [[Public company\|Public]] Line 8 ⟶ 9: \| traded_as = {{ubl\|{{NSE\|DELHIVERY}}\|{{BSE\|543529}}}} \| ISIN = INE148O01028 \| founded = {{start date and years ago\|~~df=yes\|May~~ 2011\|~~p=y~~05}} in [[Delhi]] \| founders = {{plainlist\| * Sahil Barua Line 21 ⟶ 22: \| area_served = India \| key_people = {{plainlist\| Sahil Barua <br>([[Managing Director\|MD]] and [[Chief Executive Officer\|CEO]]) Ajith Pai <br>([[Chief operating officer\|COO]]) Kapil Bharati <br>([[Chief Technology Officer\|CTO]]) Sandeep Barasia <br>([[Chief Business Officer\|CBO]]) }} \| services = [[Delivery (commerce)\|Delivery]], [[express mail]], [[third-party logistics]], [[supply chain management]], [[truckload shipping]], [[Less-than-truckload shipping\|partial truckload shipping]], [[freight forwarding]] \| num_employees = 63,713<ref>{{Cite web \|url=https://www.delhivery.com/about-us \|title=About Us - Delhivery \|website=www.delhivery.com \|access-date=1 May 2021 \|archive-date=17 May 2021 \|archive-url=https://web.archive.org/web/20210517190803/https://www.delhivery.com/about/ \|url-status=live }}</ref> \| num_employees_year = 2024 \| revenue = {{increase}} {{INRconvert\|8142\|c\|lk=on}} (FY24)<ref name="fy24"/> \| operating_income = {{increase}} {{INRConvert\|127\|c}} (FY24)<ref name="fy24"/> \| net_income = {{positive decrease}} {{INRconvert\|-249\|c}} (FY24)<ref name="fy24">{{cite web \|title=Earnings Presentation - Q4 & FY24 \|url=https://www.delhivery.com/uploads/2024/05/EarningsPresentation.pdf \|publisher=Delhivery \|access-date=18 May 2024}}</ref> \| website = {{URL\|https://www.delhivery.com/\|delhivery.com}} }} '''Delhivery''' is an Indian [[logistics]] and [[supply chain]] company, based in [[Gurgaon]], [[India]].<ref>{{cite news \|title=How supply-chain enabler Delhivery is rising rapidly \|url=https://www.businesstoday.in/magazine/cover-story/story/coolest-start-up-in-india-2014-delhivery-47706-2014-04-02 \|access-date=16 January 2022 \|work=Business Today \|date=13 April 2014 \|language=en \|archive-date=16 January 2022 \|archive-url=https://web.archive.org/web/20220116185713/https://www.businesstoday.in/magazine/cover-story/story/coolest-start-up-in-india-2014-delhivery-47706-2014-04-02 \|url-status=live }}</ref> It was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati. The company has over 85 [[Fulfillment house\|fulfillment ~~centers~~centres]], 29 automated sort ~~centers~~centres, 160 hubs, 7,500+ partner ~~centers~~centres, and 3,500+ direct delivery ~~centers~~centres, as of 2021.<ref>{{Cite web\|title=Delhivery's two co-founders exit logistics unicorn ahead of IPO\|url=https://www.businesstoday.in/current/economy-politics/delhiverys-two-co-founders-exit-logistics-unicorn-ahead-of-ipo-this-year/story/435168.html\|access-date=2021-06-16\|website=www.businesstoday.in\|date=29 March 2021 \|archive-date=31 May 2021\|archive-url=https://web.archive.org/web/20210531093908/https://www.businesstoday.in/current/economy-politics/delhiverys-two-co-founders-exit-logistics-unicorn-ahead-of-ipo-this-year/story/435168.html\|url-status=live}}</ref> About two-thirds of its revenue comes from providing [[third-party logistics]] and [[Delivery (commerce)\|delivery]] services to [[e-commerce]] companies.<ref>{{cite news \|title=Delhivery aims for $4 billion valuation \|url=https://www.hindustantimes.com/business/delhivery-aims-for-4-billion-valuation-101623182629723.html \|access-date=5 May 2022 \|work=Hindustan Times \|date=9 June 2021 \|language=en \|archive-date=5 May 2022 \|archive-url=https://web.archive.org/web/20220505080831/https://www.hindustantimes.com/business/delhivery-aims-for-4-billion-valuation-101623182629723.html \|url-status=live }}</ref> ~~It sponsors the Royal Challengers Bangalore team.~~ == History == Delhivery was established in May 2011 as SSN Logistics Ltd. It was initially conceptualised as a [[hyperlocal]] express delivery service provider for [[Brick and mortar\|offline stores]], delivering flowers and food locally in the city of [[Gurgaon~~\|Gurugram]]~~ ~~for~~at the ~~first~~time ~~few months since~~of its inception.<ref>{{Cite news \|url=https://www.financialexpress.com/industry/delivery-boys/100492/ \|title=How logistics start-ups are delivering success for the e-commerce boom \|last=Bhattacharyya \|first=Anushree \|date=14 July 2015 \|work=The Financial Express \|access-date=27 May 2018 \|archive-date=28 May 2018 \|archive-url=https://web.archive.org/web/20180528133948/https://www.financialexpress.com/industry/delivery-boys/100492/ \|url-status=live }}</ref><ref>{{Cite web\|url=http://www.forbesindia.com/article/30-under-30/sahil-barua-leading-ecommerce-logistics-with-delhivery/39563/1\|title=Sahil Barua: Leading E-commerce Logistics With Delhivery\|website=Forbes India\|language=en\|access-date=2020-02-28\|archive-date=28 May 2018\|archive-url=https://web.archive.org/web/20180528051814/http://www.forbesindia.com/article/30-under-30/sahil-barua-leading-ecommerce-logistics-with-delhivery/39563/1\|url-status=live}}</ref><ref>{{Cite web\|date=2021-12-09\|title=Explained: How the acquisition of Transition Robotics will help Delhivery\|url=https://indianexpress.com/article/explained/delhivery-transition-robotics-acquisition-drove-delivery-7663595/\|access-date=2022-01-24\|website=The Indian Express\|language=en\|archive-date=16 January 2022\|archive-url=https://web.archive.org/web/20220116185712/https://indianexpress.com/article/explained/delhivery-transition-robotics-acquisition-drove-delivery-7663595/\|url-status=live}}</ref> During that time, the online retailing and [[e-commerce]] segment was expanding rapidly in India, with global investors showing significant interest in the industry.<ref>{{Cite web\|url=https://www.cnbc.com/2016/06/08/amazon-plans-3-billion-investment-in-india-to-challenge-flipkart-snapdeal.html\|title=Amazon plans $3 billion investment in India to challenge Flipkart, Snapdeal\|last=Kharpal\|first=Arjun\|date=2016-06-08\|website=CNBC\|language=en\|access-date=2020-02-28\|archive-date=16 April 2019\|archive-url=https://web.archive.org/web/20190416203906/https://www.cnbc.com/2016/06/08/amazon-plans-3-billion-investment-in-india-to-challenge-flipkart-snapdeal.html\|url-status=live}}</ref> 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.<ref>{{Cite news\|last=Thomas\|first=Anu\|url=https://economictimes.indiatimes.com/small-biz/startups/missing-package-delhiverys-new-software-to-automatically-correct-inaccurate-addresses/articleshow/60185972.cms\|title=Missing package? Delhivery's new software to automatically correct inaccurate addresses\|date=2017-08-23\|work=The Economic Times\|access-date=2020-02-28\|archive-date=26 May 2018\|archive-url=https://web.archive.org/web/20180526190354/https://economictimes.indiatimes.com/small-biz/startups/missing-package-delhiverys-new-software-to-automatically-correct-inaccurate-addresses/articleshow/60185972.cms\|url-status=live}}</ref> 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.<ref>{{Cite web\|url=https://www.marketingmind.in/delhivery-becomes-first-unicorn-of-2019-read-its-outstanding-journey-over-the-years/\|title=Delhivery Becomes First Unicorn Of 2019: Read Its Outstanding Journey Over The Years!\|date=2019-03-09\|website=Marketing Mind\|language=en-US\|access-date=2020-02-28\|archive-date=28 February 2020\|archive-url=https://web.archive.org/web/20200228091808/https://www.marketingmind.in/delhivery-becomes-first-unicorn-of-2019-read-its-outstanding-journey-over-the-years/\|url-status=live}}</ref> Line 43 ⟶ 44: In March 2019, Delhivery raised its biggest round of funding with a $413 million investment from [[SoftBank Group\|SoftBank]].<ref>{{Cite web\|url=https://www.delhivery.com/news/413-million-funding-helps-delhivery-enter-coveted-unicorn-club/\|website=www.delhivery.com\|access-date=2020-02-28\|title=$413 million funding helps delhivery enter coveted unicorn club\|archive-date=9 April 2020\|archive-url=https://web.archive.org/web/20200409111939/https://www.delhivery.com/news/413-million-funding-helps-delhivery-enter-coveted-unicorn-club/\|url-status=live}}</ref> In May 2021, Delhivery revealed it has further raised $277 million in a funding round led by [[Fidelity Investments\|Fidelity]], taking its market valuation to nearly $3 billion.<ref>{{Cite news\|url=https://www.business-standard.com/article/companies/logistics-firm-delhivery-raises-277-million-now-valued-at-3-billion-121053100232_1.html\|newspaper=Business Standard India\|access-date=2021-07-15\|title=Logistics firm Delhivery raises $277 million, now valued at $ billion\|date=31 May 2021\|archive-date=14 July 2021\|archive-url=https://web.archive.org/web/20210714194235/https://www.business-standard.com/article/companies/logistics-firm-delhivery-raises-277-million-now-valued-at-3-billion-121053100232_1.html\|url-status=live}}</ref> In August 2021, Delhivery acquired the B2B logistics company, Spoton Logistics, for {{INRconvert\|1600\|c\|lk=on}}.<ref>{{cite news \|title=Delhivery buys B2B company Spoton for Rs 1,600 crore \|url=https://timesofindia.indiatimes.com/business/india-business/delhivery-buys-b2b-co-spoton-for-1600cr/articleshow/85644589.cms \|access-date=16 January 2022 \|work=The Times of India \|language=en \|archive-date=18 January 2022 \|archive-url=https://web.archive.org/web/20220118183838/https://timesofindia.indiatimes.com/business/india-business/delhivery-buys-b2b-co-spoton-for-1600cr/articleshow/85644589.cms \|url-status=live }}</ref> In December 2021, it acquired California-based [[unmanned aerial vehicle\|unmanned aircraft system]] company Transition Robotics Inc.<ref>{{cite news \|title=Explained: How the acquisition of Transition Robotics will help Delhivery \|url=https://indianexpress.com/article/explained/delhivery-transition-robotics-acquisition-drove-delivery-7663595/ \|access-date=16 January 2022 \|work=The Indian Express \|date=9 December 2021 \|language=en \|archive-date=16 January 2022 \|archive-url=https://web.archive.org/web/20220116185712/https://indianexpress.com/article/explained/delhivery-transition-robotics-acquisition-drove-delivery-7663595/ \|url-status=live }}</ref> Delhivery raised {{INRconvert\|2347\|c}} of funding from 64 anchor investors ahead of its initial public offering in May 2022.<ref>{{Cite news \|title=Delhivery raises Rs 2,347 crore from 64 anchor investors ahead of IPO \|work=The Economic Times \|url=https://economictimes.indiatimes.com/tech/startups/delhivery-raises-rs-2347-crore-from-64-anchor-investors-ahead-of-ipo/articleshow/91475890.cms \|access-date=2022-05-11 \|archive-date=11 May 2022 \|archive-url=https://web.archive.org/web/20220511054945/https://economictimes.indiatimes.com/tech/startups/delhivery-raises-rs-2347-crore-from-64-anchor-investors-ahead-of-ipo/articleshow/91475890.cms \|url-status=live }}</ref> In May 2022, Delhivery launched its [[initial public offering]] (IPO) of {{INRconvert\|5235\|c}} at a valuation of {{INRconvert\|35283\|c}} and got listed on the [[Bombay Stock Exchange\|BSE]] and the [[National Stock Exchange of India\|NSE]].<ref>{{cite news \|title=Delhivery IPO {{!}} Price band set at Rs 462-487 a share; firm valued at Rs 35,283 crore \|url=https://www.moneycontrol.com/news/business/ipo/delhivery-sets-price-band-at-rs-462-487-a-share-firm-valued-at-rs-35283-crore-8453071.html \|access-date=5 May 2022 \|work=Moneycontrol \|language=en \|archive-date=5 May 2022 \|archive-url=https://web.archive.org/web/20220505000648/https://www.moneycontrol.com/news/business/ipo/delhivery-sets-price-band-at-rs-462-487-a-share-firm-valued-at-rs-35283-crore-8453071.html \|url-status=live }}</ref> In 2024, Delhivery became one of the sponsors of the [[Royal Challengers Bangalore]] team in the [[Indian Premier League]].<ref>{{Cite web \|last=Naresh \|first=Rahul \|date=2024-04-15 \|title=Royal Challengers Bengaluru (RCB) Sponsors 2024 \|url=https://sportskhabri.com/royal-challengers-bangalore-sponsors-2024/ \|access-date=2024-10-27 \|website=SportsKhabri \|language=en}}</ref> ~~== Organization ==~~ == Organisation == Founder Sahil Barua is the [[Chief executive officer\|CEO]] of Delhivery and Co-Founder Kapil Bharati is the CTO of Delhivery. Sandeep Barasia, Managing Director was 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 [[Chief financial officer\|CFO]], took over the role of [[Chief operating officer\|COO]] where he is in charge of the operations, engineering, HR, and finance of the company. Meanwhile, [[Indian Institute of Technology Kanpur\|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 30 March 2021.<ref>{{Cite news\|last1=Gooptu\|first1=Biswarup\|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/delhivery-appoints-coo-cbo-amid-top-level-organizational-changes/articleshow/67195444.cms\|title=Delhivery appoints COO & CBO amid top-level organizational changes\|date=2018-12-21\|work=The Economic Times\|access-date=2020-02-19\|last2=Sharma\|first2=Samidha\|archive-date=23 December 2018\|archive-url=https://web.archive.org/web/20181223035343/https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/delhivery-appoints-coo-cbo-amid-top-level-organizational-changes/articleshow/67195444.cms\|url-status=live}}</ref> Line 56 ⟶ 59: * ET Startup of the Year Award 2019<ref>{{Cite news\|url=https://tech.economictimes.indiatimes.com/news/startups/et-startup-awards-2019-delhivery-wins-startup-of-the-year/70322313\|title=ET Startup Awards 2019: Delhivery has upended the highly-fragmented logistics industry - ETtech\|last=www.ETtech.com\|newspaper=[[The Economic Times]]\|language=en\|access-date=2020-02-16\|archive-date=24 July 2019\|archive-url=https://web.archive.org/web/20190724083356/https://tech.economictimes.indiatimes.com/news/startups/et-startup-awards-2019-delhivery-wins-startup-of-the-year/70322313\|url-status=live}}</ref><ref>{{Citation\|last1=Aug 2019\|first1=ET Online {{!}} 24\|title=Delhivery named 'Startup of the Year' at ET Startup Awards 2019\|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/delhivery-named-startup-of-the-year-at-et-startup-awards-2019/videoshow/70819417.cms\|access-date=2020-02-16\|last2=Ist\|first2=06:25 Pm\|date=24 August 2019 \|archive-date=21 September 2020\|archive-url=https://web.archive.org/web/20200921202501/https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/delhivery-named-startup-of-the-year-at-et-startup-awards-2019/videoshow/70819417.cms\|url-status=live}}</ref> [[Mahindra & Mahindra\|Mahindra]] Transport Excellence Award 2018<ref>{{Cite web\|url=https://www.mahindratransportawards.com/2018.html\|title=Mahindra & Mahindra Ltd. Transport Excellence Awards\|website=www.mahindratransportawards.com\|access-date=2020-02-17\|archive-date=17 February 2020\|archive-url=https://web.archive.org/web/20200217055124/https://www.mahindratransportawards.com/2018.html\|url-status=live}}</ref> Young Turk Start-up of the Year 2016<ref>{{Cite web\|url=https://www.livemint.com/Companies/iQdvnWEdQhZjpXYubgN8lI/Network18-honours-leaders-at-CNBCTV18-India-Business-Leader.html\|title=Network18 honours leaders at CNBC-TV18 India Business Leader Awards\|last=Writer\|first=A. Staff\|date=2016-09-01\|website=Livemint\|language=en\|access-date=2020-02-17\|archive-date=1 September 2016\|archive-url=https://web.archive.org/web/20160901150415/http://www.livemint.com/Companies/iQdvnWEdQhZjpXYubgN8lI/Network18-honours-leaders-at-CNBCTV18-India-Business-Leader.html\|url-status=live}}</ref>