Delhivery

Delhivery is an Indian supply chain service provider  encompassing over 18,000 PIN Codes in India.[3] It was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati and is backed by the Carlyle Group, Tiger Global, Fosun International, SoftBank Vision Fund[4], Nexus Venture Partners[5], Multiples[6], and CCP Investment Board as investors. The Gurugram-based company has 75 fulfilment centres, 24 automated sort centres, 70 hubs, 2,500+ delivery centres, 8000+ partner centres, 14000+ vehicles, and 40,000+  employees. At present, Delhivery has the capacity to process more than 1M+ parcels per day[7].

Delhivery
Subsidiary
IndustryCourier/Supply Chain
FoundedMay 2011 (May 2011) in Gurgaon
Founders
  • Sahil Barua
  • Mohit Tandon
  • Bhavesh Manglani
  • Suraj Saharan
  • Kapil Bharati
Headquarters
Gurgaon
,
India
Area served
India, China, United States
Key people
Mohit Tandon Co-Founder

Sahil Barua Co-Founder and CEO

Sandeep Barasia CBO and MD

Ajith Pai COO
ProductsDelivery, express mail, third-party logistics
Number of employees
40,000+[1] (2018)
ParentSSN Logistics Private Limited[2]
Websitedelhivery.com

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 Gurgaon for the first few months since its inception. [8]During this 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 [12]from Softbank.

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. In December 2018 itself, Barua also announced the onboarding of Mukta Limaye to lead the engineering innovation team at Delhivery.[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 August 2019.
  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
  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. 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.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.