Delhivery succeeds in raising $350 Million from Japanese Conglomerate Softbank.
It has become a $1.6 Billion valuation unicorn.
Company has 44 hubs, 19 automated centers, more than 2500 direct delivery center, 30 fulfillment centers and above 5000 partner centers.
The logistic industry is expected to be $215Billion markets by the next 2 years. It is growing at a CAGR of 10.5%.
Company revenue is risen by 42% in 2018
India’s biggest fulfillment and e-commerce logistics Gurugram based startup; Delhivery raised $350 Million from Japanese Conglomerate Softbank. This massive inflow has brought Delhivery to a $1.6 Billion valuation. It has successfully entered into the list of unicorn giants of the market. This deal came into action after Softbank received approval from Competition Commission of India on 27 February last month to acquire 22.44% of the total share capital of Delhivery Pvt. Ltd. CCI also approved Mauritius based CA swift to acquire preference shares in Delhivery.
Delhivery came into action in 2011 by innovative minds and co-founders Mohit Tandon, Bhavesh Mangani, Suraj Saharan, Sahil Barua, and Kapil Bharati. Delhivery has grabbed the supply chain market of India with the passion of becoming the country’s biggest e-commerce operating system by providing leading logistics services, state-of-the-art tech, and engineering capabilities and outstanding infrastructure to its customers. It has a wide network consisting of 44 hubs, 19 automated centers, more than 2500 direct delivery center, 30 fulfillment centers and above 5000 partner centers.
Masayoshi’s son’s Softbank made an investment in Delhivery from its $100 Billion funds discriminated to provide funds to promising tech startups. Other major investments of Softbank includes $1.5bn in Chehaoduo Group, Chinese second-hand car retailer, $1.46bn investment in Singaporean super app developer Grab and $2bn in Coupang, Korean e-commerce giant and $1bn in logistics startup Flexport.
According to Economic survey 2017-18, the logistics industry is grabbing acceleration at a great pace and is expected to be $215 Billion markets by the next 2 years. It is growing at a CAGR of 10.5%.
As according to the financial statement of Delhivery the company as shown uplift of 42% in its revenue gaining total revenue of $153.26 Million (INR 1,073.64 Cr) and its operational revenue contributed almost 95% to its total revenue as against $107.92 Million (INR 756 Cr) for the previous year.
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