Total amount raised
$1.6 Billions
Latest funding date
8/1/2024
Location
Delhivery has successfully raised significant funding across multiple rounds, attracting investments from prominent entities like SoftBank Vision Fund and Tiger Global. The company offers a comprehensive suite of supply chain services, including transportation, warehousing, and order fulfillment.
Keep reading to delve into the details of Delhivery's funding journey and the key investors supporting its growth in the logistics sector.
What Is Delhivery?
Delhivery, founded in May 2011 in Gurgaon, Haryana, India, is a leading supply chain services company. The company was established by Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua, and Suraj Saharan.
Delhivery offers a comprehensive range of services, including transportation, warehousing, freight, and order fulfillment. Their solutions encompass last-mile delivery, third-party and transit warehousing, reverse logistics, and more.
With a workforce of over 10,001 employees, Delhivery continues to expand its footprint in the logistics sector, aiming to build trust and improve the lives of its consumers.
How Much Funding Has Delhivery Raised?
- Amount Raised: $30M
- Date: May 2017
- Lead Investors: Fosun International
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operational capabilities and enhance technology infrastructure.
- Amount Raised: $413M
- Date: March 2019
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up logistics operations and prepare for future growth.
- Amount Raised: $150M
- Date: June 2019
- Lead Investors: CPP Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial position and support expansion plans.
- Amount Raised: $115M
- Date: September 2019
- Lead Investors: CPP Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance service offerings and expand market reach.
- Amount Raised: $25M
- Date: December 2020
- Lead Investors: Steadview Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing business operations and strategic initiatives.
- Amount Raised: $277M
- Date: May 2021
- Lead Investors: Fidelity
- Valuation at Round: $3B
- Motivation Behind the Round: To prepare for an initial public offering (IPO).
- Amount Raised: $100M
- Date: July 2021
- Lead Investors: FedEx
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To form a strategic partnership and enhance logistics capabilities.
- Amount Raised: ₹5.6B (approx. $76.4M)
- Date: September 2021
- Lead Investors: Addition
- Valuation at Round: $4B
- Motivation Behind the Round: To strengthen financial position ahead of IPO.
- Amount Raised: ₹9.5B (approx. $128.8M)
- Date: March 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and expansion.
- Amount Raised: ₹3.4B (approx. $46.1M)
- Date: August 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance operational efficiency and market presence.
Total Amount Raised: $1.292B
Current Valuation: $4B
Key Investors
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund that invests in technology companies globally. It is known for making large-scale investments in high-growth tech startups.
- Investment Focus Areas: Technology, artificial intelligence, robotics.
- Notable Investments: Uber, WeWork, ByteDance.
- Fidelity Management and Research Company
- Details: Fidelity is an American investment firm that manages a wide range of investment portfolios. It invests in both public and private markets across various sectors.
- Investment Focus Areas: Technology, healthcare, logistics.
- Notable Investments: SpaceX, Airbnb, Alibaba.
- FedEx
- Details: FedEx is a global logistics and transportation services company. It provides a wide range of shipping, e-commerce, and supply chain management solutions.
- Investment Focus Areas: Logistics, transportation, e-commerce.
- Notable Investments: TNT Express, ShopRunner, Delhivery.
- CPP Investments
- Details: CPP Investments is a professional investment management organization that invests the funds of the Canada Pension Plan. It manages a diversified global portfolio.
- Investment Focus Areas: Real estate, infrastructure, private equity.
- Notable Investments: Ant Financial, Enbridge, GlobalLogic.
- Lee Fixel’s Addition
- Details: Addition is a venture capital firm founded by Lee Fixel, a former partner at Tiger Global. The firm focuses on high-growth startups.
- Investment Focus Areas: Technology, logistics, consumer internet.
- Notable Investments: Inshorts, Flipkart, Ola.
What's Next for Delhivery?
Delhivery stands at the cusp of significant growth opportunities, driven by the expanding Indian logistics market and increasing demand for efficient supply chain solutions. With recent investments from Addition and FedEx, the company is well-positioned to enhance its service offerings and expand its market reach. The upcoming IPO is expected to provide substantial capital, further fueling its growth trajectory.
However, the path ahead is not without challenges. Delhivery will need to navigate intense competition from other logistics firms and manage the complexities of scaling operations while maintaining service quality. Additionally, regulatory hurdles related to the IPO process could pose potential obstacles. Despite these challenges, Delhivery's strategic partnerships and robust financial backing suggest a promising future in the logistics sector.
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