Delhivery is an Indian company engaged in logistics and supply chain operations. It actively operates from Delhi and has spread its operations across India through its services. The company furnishes its logistics services to various e-commerce entities.
The company was incorporated in 2011 as SSN Logistics Ltd. Delhivery initially took off with the hyperlocal express delivery services in and around Gurgaon. The company would cater to its customers by delivering flowers and
food locally, mainly offline.
Soon the founders of the company realized the potential of thee-commerce segment and online retailing, which was augmenting around the same time. Soon after its inception, Delhivery entered the segment with its first
client, Urban Touch, in June 2011. It didn't take long, and the company majorly shifted its business to e-commerce companies.
Delhivery was founded by Sahil Barua, Mohit Tandon, Bhavesh Manglani, SurajSaharan, and Kapil Bharati. Currently, Sahil Barua holds the position of Managing Director and Chief Executive Officer of the company, whereas Kapil
Bharati is the Chief Technology Officer. Ajith Pai is the Chief Operating Officer, and SandeepBarasia is the Chief Business Officer.
Delhivery has broadened its operations to a large scale and includesservices like express mail, freight forwarding, Delivery, truckload shipping, supply chain management, partial truckload shipping, and third-party logistics.
The year 2021 was an inconsistent year for Delhivery. Two of itsfounders stepped down and made their exit in early 2021. On the other hand, the company made two substantial acquisitions, one in August 2021, where it
acquired Spoton Logistics, and the other in December 2021, by acquiring California-based unmanned aircraft system company Transition Robotics Inc. Delhivery recently, in May 2022, launched its Initial Public Offering(IPO) and got its shares listed on the mainboard exchanges of India, i.e., NSE and BSE. The company raised about Rs. 5,235 crore from the offer raised through a Fresh Issue and Offer for Sale. The company's founders, Suraj Saharan, Kapil Bharati, Mohit Tandon, and other substantial investors of the company, offloaded their shares in the public offer.
Now the shares of Delhivery are public; they can be traded freely in thesecondary market. The company has been planning for the IPO ever since the start of the year 2022. And even after receiving the SEBI nod, it held back the
offer for a little while, given the dynamic market conditions and the failure of the IPOs of other entities. Delhivery IPO invited the bids for the shares in May 2022, and the listing was concluded on May 24th.
The company's motive for going public and enlisting its shares on thestock exchange was to step up its business by upgrading its logistics system, enhancing its visibility, and promoting organic growth initiatives. The operations of
Delhivery are immensely spread on the land, and they have accomplished significant recognition till now. Delhiverywas awarded The Young Turk Start-up of the Year in 2016, the Mahindra Transport Excellence Award in 2018, and the ET Startup of the Year Award in 2019.
