THE INCEPTION
Sahil Barua, Mohit Tandon, Bhavesh Manglani, and Kapil Bharati formed Delhivery. Three friends decided to launch a company to help businesses in India with their logistics issues. With a market capitalization of over $1 billion, Delhivery is now one of the country’s major logistics companies.
Delhivery is a behemoth in the world of logistics.
That wasn’t always the case, though. With only three employees operating out of a Delhi flat, the company started tiny.
It now employs over 5,000 people and is valued at more than $1 billion.
So, how did Delhivery achieve such a high level of popularity? Take a peek at this motivational narrative!
THE VISION
Sahil Barua, Mohit Tandon, Bhavesh Manglani, and Kapil Bharati established Delhivery in 2011. It began as a courier service for e-commerce companies such as Snapdeal and Myntra. Because of the surge in online purchasing on these sites, demand for deliveries to consumers’ homes grew enormously within just two years of the company’s start (and others).
In this brand story segment, we’ll look at how Delhivery grew to be such an important component of India’s logistics industry, from its humble beginnings with only three individuals working out of an apartment to now!
THE FUNDING
When Delhivery raised $413 million in a Series F round headed by SoftBank Vision Fund, Carlyle Group, and Fosun International in 2019, it became a unicorn. It was valued at $1.5 billion at the time. Delhivery is currently valued at about $3 billion.
MISSION
“The goal of Delhivery is to make the movement of commodities easier. It aspires to make a clear difference in the world one shipment at a time.”
The company’s mission is to “become India’s operating system for business” by combining world-class infrastructure, high-quality logistics operations, and cutting-edge engineering and technology capabilities.
THE NAME
The name of the firm is displayed in black on a basic but eye-catching logo created by Delhivery.
THE TAGLINE
Delhivery is transforming the logistics sector with a fresh strategy every day, true to its tagline, “Changing the world, one shipment at a time.”
THE REVENUE AND BUSINESS MODULE
Delhivery is now regarded as India’s premier provider of supply chain services. It is India’s largest provider of B2B, B2C, and C2C logistics courier services. The organization is most well-known for the low shipping prices it charges for its services. Furthermore, Delhivery advertises that there are no setup or subscription fees!
The services provided by Delhivery can be categorized into three categories.
Warehousing – Flexible warehousing in over 40 Indian cities
Transportation – The most extensive pan-India network, with 19000+ pin codes and 2500+ cities.
Commerce – Shopify, WooCommerce, Magento, and Opencart all provide ready-to-use integrations.
THE INVESTOR PROFILE
Over the course of 14 rounds of funding, Delhivery has raised a total of $1.39 billion. The company’s final round, headed by Addition, closed on September 24, 2021. It was able to raise roughly $125 million as a result of this.
In the previous round, which took place on September 6, 2021, the company received a capital of Rs 558 crores ($76.34 million). Lee Fixel’s Addition LLC also led the Series I round of fundraising.
According to the brand’s MCA filings as of September 6, 2021, the logistics behemoth has allotted 146,961 Series I Compulsory Convertible Preference shares (CCPS) to Addition LLC, priced at Rs 37,900 per share.
According to rumors dated October 7, 2021, Delhivery is planning an IPO worth about $1 billion and would likely file its Draft Red Herring Prospectus this month. Furthermore, the company has already acquired shareholder approval to become a public corporation and will shortly be renamed Delhivery Limited from Delhivery Private Limited.
COMPETITORS
Delhivery is a logistics company, and as such, it survives in the face of fierce market competition from companies such as:
- Ecom Express
- FSC
- BlackBuck
- Delex
- Delivery.com
- ECOM express
- Shadowfax Ekart Logistics
Customers have a variety of options due to market competition, and all of them are more or less comparable in terms of quality.
FUTURE GOALS
Delhivery is planning to undertake its first initial public offering (IPO) in 2022 as of June 2021. In Addition, Delhivery will continue to invest aggressively in trucking infrastructure, with plans to spend up to Rs 300 crore in the next 24 months to boost its fleet size. According to sources dated August 25, 2021, the company is planning an initial public offering (IPO) that will be priced at $1 billion.
For FY2020, the company claims to have a turnover of Rs 2800 crore, with aspirations to increase to Rs 6000-7000 crore in the next two years.
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