Softbank seems very keen on Indian startups. After Paytm, Oyo, and Firstcry, Delhivery received the fourth biggest funding from Softbank’s Vision Fund. The giant firm invested no less than $350 million on its Series F funding round last March.
The investment added up the $320.6 million it has raised through the previous six funding rounds. Apart from Softbank, The Carlyle Group, Fosun Group, Tiger Global Management, Multiple and Nexus Venture Partner have also invested in the company.
How Delhivery start as a local delivery service in Gurgaon
Sahit Barua, along with his five friends founded Delhivery in 2011. It started off as a hyperlocal express delivery service provider. It offered help for offline stores to deliver flowers and food locally in Gurgaon at its first months.
Along with the rapidly growing online retailing industry, Barua and Mohit Tandon, the other co-founder, saw the potent of their company. Being a former consultant in Bain & Co, the two started on their big dream. Delhivery acquired Urban Touch, its first e-commerce client in June 2011.
Now, it is a disruptor unicorn in India’s logistic service
As a logistic service provider, the company stated that it has successfully fulfilled more than 450 million orders. It covers up more than 50 million households across India.
Delhivery has 22 automated sort centers, 32 fllfilment centers to help delivering over one million packages per day. At the front line, over 14,000 vehicles work for the company, along with the other more than 25,000 team members.
With its cost-efficient and wide reach of service, the company has more than a hundred thousand customers, serving 15 million consumers per month. The company is disrupting the country’s logistic industry, indeed.
In line with Softbank;s infuse of money, Delhivery stated its plan on scaling up their services. From 15,000 PIN codes, the company want to increase it to 2,000 pin codes with more warehouse.
