>Apollogone Linked Indian numbering |
>Yamaguchi先生 m Reverted edits by 2409:4053:2D89:FFE4:DC82:91ED:5B4F:CCF7 (talk) to last version by Lotje |
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| name = Delhivery | | name = Delhivery | ||
| logo = Delhivery Logo (2019).png | | logo = Delhivery Logo (2019).png | ||
| type = [[ | | type = [[Private company|Private]] | ||
| industry = [[Express mail|Courier | | industry = [[Express mail|Courier]] | ||
| fate = | | fate = | ||
| predecessor = <!-- or: | predecessors = --> | | predecessor = <!-- or: | predecessors = --> | ||
| successor = <!-- or: | successors = --> | | successor = <!-- or: | successors = --> | ||
| founded = {{start date and age|May 2011}} in [[Delhi]] | | founded = {{start date and age|df=yes|May 2011}} in [[Delhi]] | ||
| founders = {{plainlist| | | founders = {{plainlist| | ||
* Sahil Barua | * Sahil Barua | ||
| Line 17: | Line 17: | ||
* Kapil Bharati | * Kapil Bharati | ||
}} | }} | ||
| defunct = <!-- {{End date|YYYY|MM|DD}} --> | | defunct = <!-- {{End date|df=yes|YYYY|MM|DD}} --> | ||
| hq_location_city = [[Delhi | | hq_location_city = [[Delhi]] | ||
| hq_location_country = | | hq_location_country = India | ||
| area_served = | | area_served = India | ||
| key_people = Sahil Barua | | key_people = Sahil Barua ([[CEO]]) | ||
Ajith Pai ([[Chief operating officer|COO]]) | |||
Ajith Pai [[Chief operating officer|COO]] | Kapil Bharathi ([[Chief technology officer|CTO]]) | ||
Sandeep Barasia ([[Chief business officer|CBO]]) | |||
| services = [[Delivery (commerce)|Delivery]], [[express mail]], [[third-party logistics]] | |||
| | |||
| owner = | | owner = | ||
| num_employees = | | num_employees = 70,000+<ref>{{Cite web |url=https://www.delhivery.com/about/ |title=About Delhivery |website=www.delhivery.com |access-date=1 May 2021}}</ref> | ||
| num_employees_year = | | num_employees_year = 2021 | ||
| parent = SSN Logistics Private Limited<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}}</ref> | | parent = SSN Logistics Private Limited<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}}</ref> | ||
| website = {{URL|delhivery.com/}} | | website = {{URL|delhivery.com/}} | ||
}} | }} | ||
'''Delhivery''' is an [[ | '''Delhivery''' is an Indian [[Delivery (commerce)|delivery]] and [[e-commerce]] logistics company.<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}}</ref> It was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati. The company is backed by the [[The Carlyle Group|Carlyle Group]], [[Tiger Management|Tiger Global]], [[Fosun International]], [[SoftBank Vision Fund]],<ref>{{Cite web|url=https://visionfund.com/in/|title=Shared Vision, Amplified Ambition|website=SoftBank Vision Fund|access-date=2020-02-16}}</ref> Nexus Venture Partners,<ref>{{Cite web|url=https://nexusvp.com/|title=Nexus Venture Partners|language=en-US|access-date=2020-02-16}}</ref> Multiples,<ref>{{Cite web|url=http://www.multiplesequity.com/|title=Private Equity firm - Multiples|website=/www.multiplesequity.com|language=en|access-date=2020-02-16}}</ref> and [[CPP Investment Board]] as investors. | ||
The [[Gurgaon|Gurugram]]-based company has approximately | The [[Gurgaon|Gurugram]]-based company has approximately 85 [[Fulfillment house|packing warehouses]],<ref>{{Cite web|title=Delhivery's two co-founders edit 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}}</ref> 24 automated sort centres, 75 hubs<ref>{{Cite web|title=About Us {{!}} Delhivery|url=https://www.delhivery.com/about/|access-date=2021-06-18|website=www.delhivery.com}}</ref>{{clarify|date=November 2020}}, 7,500+ partner centers,<ref>{{Cite web|title=Two of the five co-founders of Delhivery exit ahead of IPO plans: Report|url=https://www.freepressjournal.in/business/two-of-the-five-co-founders-of-delhivery-exit-ahead-of-ipo-plans-report|access-date=2021-06-25|website=Free Press Journal|language=en}}</ref> and 50,000 employees. At present, Delhivery has the capacity to process more than 15 [[lakh]] (1.5 million) parcels per day.<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}}</ref> | ||
== History == | == History == | ||
| Line 47: | Line 42: | ||
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}}</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}}</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}}</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}}</ref> | ||
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}}</ref> | 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}}</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 $3 billion|date=31 May 2021}}</ref> | ||
In August 2021, Delhivery acquired Spoton Logistics.<ref>{{Cite web|url=https://www.techinasia.com/softbankbacked-delhivery-acquires-indian-logistics-firm-spoton-logistics|website=www.techinasia.com|access-date=2021-08-26|title=IPO-bound Indian startup Delhivery acquires local logistics peer}}</ref> | |||
== Organization == | == Organization == | ||
Founder Sahil Barua is the [[Chief executive officer|CEO]] of Delhivery. Sandeep Barasia, Managing Director | 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|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}}</ref> | ||
== Awards == | == Awards == | ||
* ET Startup of the Year Award 2019<ref>{{Cite | * 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|access-date=2019-08-29}}</ref> | ||
*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}}</ref> | *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}}</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}}</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}}</ref> | ||
Latest revision as of 02:18, 8 October 2021
.png){kind=logo} | |
| Industry | Courier |
|---|---|
| Founded | May 2011 in Delhi |
| Founder(s)s |
|
| Headquarters | , India |
Area served | India |
Key people | Sahil Barua (CEO)
Ajith Pai (COO) Kapil Bharathi (CTO) Sandeep Barasia (CBO) |
| Services | Delivery, express mail, third-party logistics |
Number of employees | 70,000+[1] (2021) |
| Parent | SSN Logistics Private Limited[2] |
| Website | delhivery |
Delhivery is an Indian delivery and e-commerce logistics 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 85 packing warehouses,[7] 24 automated sort centres, 75 hubs[8][clarification needed], 7,500+ partner centers,[9] and 50,000 employees. At present, Delhivery has the capacity to process more than 15 lakh (1.5 million) parcels per day.[10]
History[edit | edit source]
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.[11] During that time, the online retailing and e-commerce segment was expanding rapidly in India, with global investors showing significant interest in the industry.[12]
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.[13] 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.[14]
In March 2019, Delhivery raised its biggest round of funding with a $413 million investment from SoftBank.[15] In May 2021, Delhivery revealed it has further raised $277 million in a funding round led by Fidelity, taking its market valuation to nearly $3 billion.[16]
In August 2021, Delhivery acquired Spoton Logistics.[17]
Organization[edit | edit source]
Founder Sahil Barua is the 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 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 30 March 2021.[18]
Awards[edit | edit source]
- ET Startup of the Year Award 2019[19]
- Mahindra Transport Excellence Award 2018[20]
- Young Turk Start-up of the Year 2016[21]
See also[edit | edit source]
References[edit | edit source]
- ↑ "About Delhivery". www.delhivery.com. Retrieved 1 May 2021.
- ↑ Bhattacharyya, Anushree (14 July 2015). "How logistics start-ups are delivering success for the e-commerce boom". The Financial Express. Retrieved 27 May 2018.
- ↑ 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) - ↑ "Shared Vision, Amplified Ambition". SoftBank Vision Fund. Retrieved 16 February 2020.
- ↑ "Nexus Venture Partners". Retrieved 16 February 2020.
- ↑ "Private Equity firm - Multiples". /www.multiplesequity.com. Retrieved 16 February 2020.
- ↑ "Delhivery's two co-founders edit logistics unicorn ahead of IPO". www.businesstoday.in. Retrieved 16 June 2021.
- ↑ "About Us | Delhivery". www.delhivery.com. Retrieved 18 June 2021.
- ↑ "Two of the five co-founders of Delhivery exit ahead of IPO plans: Report". Free Press Journal. Retrieved 25 June 2021.
- ↑ www.ETtech.com. "ET Startup Awards 2019: Delhivery has upended the highly-fragmented logistics industry - ETtech". The Economic Times. Retrieved 16 February 2020.
- ↑ "Sahil Barua: Leading E-commerce Logistics With Delhivery". Forbes India. Retrieved 28 February 2020.
- ↑ Kharpal, Arjun (8 June 2016). "Amazon plans $3 billion investment in India to challenge Flipkart, Snapdeal". CNBC. Retrieved 28 February 2020.
- ↑ Thomas, Anu (23 August 2017). "Missing package? Delhivery's new software to automatically correct inaccurate addresses". The Economic Times. Retrieved 28 February 2020.
- ↑ "Delhivery Becomes First Unicorn Of 2019: Read Its Outstanding Journey Over The Years!". Marketing Mind. 9 March 2019. Retrieved 28 February 2020.
- ↑ "$413 million funding helps delhivery enter coveted unicorn club". www.delhivery.com. Retrieved 28 February 2020.
- ↑ "Logistics firm Delhivery raises $277 million, now valued at $3 billion". Business Standard India. 31 May 2021. Retrieved 15 July 2021.
- ↑ "IPO-bound Indian startup Delhivery acquires local logistics peer". www.techinasia.com. Retrieved 26 August 2021.
- ↑ Gooptu, Biswarup; Sharma, Samidha (21 December 2018). "Delhivery appoints COO & CBO amid top-level organizational changes". The Economic Times. Retrieved 19 February 2020.
- ↑ www.ETtech.com. "ET Startup Awards 2019: Delhivery has upended the highly-fragmented logistics industry - ETtech". The Economic Times. Retrieved 29 August 2019.
- ↑ "Mahindra & Mahindra Ltd. Transport Excellence Awards". www.mahindratransportawards.com. Retrieved 17 February 2020.
- ↑ Writer, A. Staff (1 September 2016). "Network18 honours leaders at CNBC-TV18 India Business Leader Awards". Livemint. Retrieved 17 February 2020.
External links[edit | edit source]
- The intellectual courier, a feature in Mint on Delhivery co-founder and CEO Sahil Barua.
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