Delhivery Launches Delhivery Maps - India's first AI-native Mapping Suite built on Commercial Logistics Telemetry

On the milestone occasion of Delhivery’s 15-year anniversary, Delhivery, India’s largest logistics services provider, today announced the launch of Delhivery Maps, an AI-Native suite of geospatial APIs designed specifically to navigate India’s unique address landscape. Built as a proprietary infrastructure to power 100% of Delhivery's nationwide network, the platform is now commercially available to external enterprises, developers, and gig-economy platforms.

Tested on Billions of Shipments
Unlike consumer-grade maps optimized for passenger transit, Delhivery Maps is engineered specifically for commercial shipping by integrating critical operational parameters such as heavy-vehicle and bike speeds, routing constraints, incomplete address input and landmark based navigation. Its accuracy and reliability are backed by historical metadata from over two billion shipments as well as one billion daily GPS pings streamed from an active fleet of over 100,000 vehicles.

By completely replacing Delhivery's reliance on expensive third-party mapping providers across its Express Parcel, Part-Truckload Freight, Supply Chain Services and Delhivery Local, Delhivery Maps offers proven commercial scale, data integrity, and high-performance routing at a highly competitive price.

“We built Delhivery Maps out of operational necessity to run India’s largest logistics network intelligently and solve for unstructured addresses and commercial routing rules at a massive scale. Opening up the API and AI Models externally marks our entry as a commercial geospatial infrastructure provider.”, said Kapil Bharati, Executive Director and CTO of Delhivery.

Built on homegrown AI Model - Naksha LLM
Delhivery Maps delivers a comprehensive suite of core mapping APIs including Auto-Complete, Geocoding, Reverse Geocoding, Vehicle Aware Routing, Navigation, Distance Matrix, and Map Tiles offering superior real-world accuracy. This precision is driven by Naksha LLM, a set of geospatial reasoning models that replace rigid databases with dynamic reasoning loops. By making both the APIs and Naksha LLM available on the Delhivery Maps MCP, developers can deploy advanced AI workflows and autonomous agents that demand high-tier location intelligence.

Industry-wide business use cases
Delhivery Maps addresses the specific operational bottlenecks that existing mapping tools overlook across several sectors. Deploying Delhivery Maps allows brands, hyperlocal, quick-commerce firms, ride-hailing and gig-economy operators to do geospatial analysis, optimize address validation, resource match-making, route planning, navigation, ETAs, eliminate fare disputes and driver friction by utilizing vehicle-specific routing.

Live for integration

Delhivery Maps APIs are now available for commercial integration. Enterprises and developers looking to optimize their logistics, checkout experience, and dispatch operations can contact the engineering and integration team at maps@delhivery.com or visit https://www.delhivery.com/maps

Delhivery is India's largest logistics services provider. The company is a leading provider of logistics services including e-commerce and express parcel transportation, on-demand logistics, part truck-load (PTL) freight, full-truckload (FTL) freight services, cross-border air express and freight services, warehousing and supply chain solutions, data services and software including warehouse management and transportation management systems to over 52,000 clients. For more information about Delhivery, please visit www.delhivery.com.

Delhivery Q1 FY26: PAT Surges 67% YoY; Revenue Up 6% to ₹2,294 Cr

Delhivery Limited (NSE: DELHIVERY, BOM: 543529) announced Q1 FY26 results today.

Q1 FY26 results snapshot:

• Revenue from services of Rs. 2,294 Cr in Q1 FY26, growth of 6% YoY vs Rs. 2,172 Cr in Q1 FY25
• EBITDA of Rs. 149 Cr (6.5% margin) in Q1 FY26, a growth of 53% YoY from Rs. 97 Cr (4.5% margin) in Q1 FY25
• Profit after tax of Rs. 91 Cr (3.8% margin) in Q1 FY26, a growth of 67% YoY from Rs. 54 Cr (2.4% margin) in Q1 FY25

Businesses snapshot: Express Parcel

• Shipment volumes of 208 million in Q1 FY26 - significant growth of 14% YoY from 183 million in Q1 FY25; momentum continuing into Q2
• Revenue grew 10% YoY to Rs. 1,403 Cr in Q1 FY26 from Rs. 1,276 Cr in Q1 FY25

Part Truck Load

• Tonnage grew 15% YoY to 458K MT in Q1 FY26 from 399K MT in Q1 FY25
• Revenue grew 17% YoY to Rs. 508 Cr in Q1 FY26 from Rs. 435 Cr in Q1 FY25
• Service EBITDA margin expanded significantly to 10.7%, an increase of 750 bps YoY from 3.2% in Q1 FY25

Other businesses

• Supply Chain Services: Revenue for the quarter was Rs. 205 Cr in Q1 FY26 vs. Rs. 259 Cr in Q1 FY25
• Truckload: Revenue for the quarter was Rs. 148 Cr in Q1 FY26 vs. Rs. 156 Cr in Q1 FY25
• Cross Border Services: Revenue for the quarter was Rs. 24 Cr in Q1 FY26 vs. Rs. 43 Cr in Q1 FY25.

New initiatives

• Rapid: 20 active stores in 3 cities; monthly revenue run-rate of Rs. ~1.2 Cr; plan to expand the active store count to 40 by the end of FY26
• Direct: Active in Ahmedabad, NCR and Bengaluru; promising early traction

Sahil Barua, MD & CEO of Delhivery 

“We’re pleased with the strong start to the financial year. The improved profitability as a result of operating at a higher scale reaffirms the inherent operating leverage linked efficiencies in our business. We look forward to the upcoming festive sale season with optimism.”, said Sahil Barua, MD & Chief Executive Officer.

Delhivery will host its earnings call to discuss Q1 FY26 results at 6:00 PM IST on Friday, August 1 st, 2025. The registration link for the call has already been shared with the stock exchanges and the link to the audio replay will be made available on the Investor Relations page of the company’s website at https://www.delhivery.com/company/investor-relations following the earnings call.

About Delhivery

Delhivery is India's largest fully-integrated logistics services provider. With its nationwide network covering over 18,850 pin codes, the company provides a wide range of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services. Delhivery has successfully fulfilled over 3.8 billion shipments since inception and today works with over 43K+ customers, including large & small e-commerce participants, SMEs, and other enterprises & brands. For more information about Delhivery, please visit www.delhivery.com.

Delhivery Appoints Ex-PepperTap Co-Founder, Milind Sharma, as Head of Rapid Commerce and D2C Brands

Delhivery, India's largest fully-integrated logistics services provider, has announced the appointment of Milind Sharma as Head of Rapid Commerce and D2C Brands. Milind is a serial entrepreneur with over 14 years of experience in high-growth ventures across e-commerce, and quick commerce.

Milind Sharma

Milind was a founding member of Delhivery in 2012, scaling operations to 100,000 daily orders while leading Business Development. He later co-founded PepperTap, a hyperlocal pioneer that reached $200M+ ARR, and Nuvo Logistics, where he expanded the business to $10M+ revenue across 75+ cities before its acquisition by Shadowfax, where he led growth and strategy. Most recently, he launched Flyo, a quick commerce platform and Mabel, a jewelry commerce venture.

In his new role at Delhivery, Milind will build out the Rapid Commerce Service as well as oversee Delhivery’s entire product portfolio for direct-to-consumer brand segment. Milind will also be scaling up Delhivery’s same-day and next-day offerings.

Commenting on his appointment, Milind Sharma said, "Rejoining Delhivery feels like a homecoming for me. This is where I started my startup journey, and I’m eager to contribute to the next phase of growth by building the Rapid Commerce service and serving the D2C Brand segment and building on Delhivery’s strong foundation alongside the team."

Sahil Barua, Chief Executive Officer at Delhivery, said, "We’re excited to welcome Milind back to Delhivery. Having been part of our early journey, he understands our DNA and what it takes to build and scale in this space. His entrepreneurial mindset and deep experience in consumer businesses will be invaluable as we expand our Rapid Commerce and D2C Brands segment."

About Delhivery:

Delhivery is India's largest fully-integrated logistics services provider. With a nationwide network covering over 18,700 pin codes, the company offers a wide range of logistics services, including express parcel transportation, part-truckload freight, full-truckload freight, cross-border services, supply chain solutions, and technology services. Since its inception, Delhivery has successfully fulfilled over 3.4 billion shipments and serves over 39,000 customers, including large and small e-commerce participants, SMEs, and other enterprises and brands.

ONDC Network Partners, Delhivery, and Mystore Collaborate to Drive Growth for Rural Entrepreneurs

Delhivery Ltd., India's largest fully-integrated logistics provider, has partnered with Mystore, an ONDC-powered marketplace for Indian sellers, to provide express parcel shipping for rural entrepreneurs nationwide.

ONDC (Open Network For Digital Commerce) is a government-led initiative to create an open, secure, and interoperable network for digital commerce in India. Through ONDC, Mystore's e-commerce platform is leveraging Delhivery's extensive pan-India network of over 18,500 pin codes to offer affordable and reliable shipping to rural entrepreneurs.

Healthline Foods, a Srinagar-based healthy food brand, is using the services of both enablers to expand its reach to Maharashtra and other parts of India.

Commenting on this, Mudassir Ahmed, Co-founder of Healthline Foods, said, "As a Kashmir-based seller, both discoverability and logistics can be challenging, but through ONDC and enablers like Delhivery and Mystore, we've successfully fulfilled orders in many parts of India. For sellers like us, democratizing commerce and easy partner access has been a growth driver."

Coonoor-based Honeybee Tea Company sells fresh Nilgiri products such as tea, honey, essential oils, and TODA embroidery.

Speaking on this, Dileep Ramu, Chief Executive Officer of Honeybee Tea Company, said, "It is the power of digitalization and the strength of collaborations that a small retail store in Coonoor now caters to the customers in India's biggest metros. ONDC and its partners have created new revenue streams for us entrepreneurs and given people across India access to unadulterated, fresh, and unique products to enhance their lifestyles."

Commenting on the partnership, T. Koshy, MD & CEO, ONDC, added, "The collaboration between Mystore and Delhivery has the potential to drive economic growth and create new opportunities for businesses emerging from remote areas. This will be a key driver in enabling overall development and social upliftment in rural communities."

Kriti Aggarwal, Co-Founder of Mystore, said, "We are an ONDC-connected Marketplace providing seamless onboarding to sellers and a convenient online shopping experience (across categories) to customers pan India. We are proud to be the digital commerce solution provider for farmer producers. With our collaboration with Delhivery, we are now enabling FPOs to deliver their products directly to buyers in tier-1 and tier-2 cities. This strategic alliance between Mystore and Delhivery expands rural entrepreneurs' reach, boosts their confidence, and increases revenue."

Commenting on the partnership, Ajith Pai, Chief Operating Officer, Delhivery, said, "ONDC's pathbreaking design and execution promises to democratize e-commerce in India, transforming the growth paradigm for millions of small businesses. Delhivery, with its extensive pan-India network, technology, and data-driven backbone, is the ideal partner for ONDC's participants. With seamless integration across our different service lines, we are excited to be part of this transformative journey being chartered by ONDC."

About Delhivery

Delhivery Ltd. is India's largest fully integrated logistics services provider. With its nationwide network covering over 18,500 pin codes, the company provides a full suite of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services. Delhivery has successfully fulfilled over 2 billion shipments since inception and today works with over 27,000 customers, including large & small e-commerce participants, SMEs, and other enterprises & brands. For more information about Delhivery, please visit www.delhivery.com.

About Mystore

Mystore® is an ONDC-connected marketplace helping SMEs and enterprise brands leverage the ONDC network to accelerate their growth. With its Mystore Seller App and Multilingual Buyer app for ONDC, Mystore enables seamless selling and buying on the Open Network for Digital Commerce. Mystore's cutting-edge e-commerce solutions are built on StoreHippo® - the leading enterprise e-commerce platform powering top enterprise brands across the globe.

Delhivery to Make A Strategic Investment in Vinculum, A SaaS Omni Channel Retailing for D2C

Delhivery Ltd, India's largest fully-integrated logistics services provider, will make a strategic investment in Vinculum, a global software leader enabling omnichannel retailing for D2C enterprises, brands, brand distributors, and quick commerce companies. The investment is the first part of a potential 2-stage deal that provides Delhivery the option to further increase its shareholding in the company after six months.

Vinculum is one of the early software companies from India, enabling brands to tap into the opportunity presented by eCommerce and Omni Channel. With the post covid industry and consumer shift, the company has scaled up into a leading SaaS Omni Channel software company working with over 400 brands across Grocery & FMCG, Healthcare, Beauty, Cosmetics, Fashion, and Jewelry in India, South East Asia, and the Middle East markets.

Direct-to-consumer (D2C) enterprises are a focus market for Delhivery, and the investment is expected to strengthen its position as a leading fulfillment solutions provider in the segment. Through this investment, the two companies will build a complete integrated stack to address the entire range of post-purchase needs of a D2C brand. A deeper integration with Vinculum’s industry-leading Order Management System (OMS) will be a first-of-its-kind fully-integrated E2E offering.

Commenting on the announcement, Rajaganesh S, Head of Supply Chain Solutions at Delhivery, said, "We congratulate the leadership team of Vinculum on building a truly world-class product that enables omnichannel retailing for brands, retailers while also powering fulfillment capabilities of 3PLs and online marketplaces. A strategic partnership with Vinculum strengthens Delhivery’s fulfillment solution to brands".

Venkat Nott, Founder, and Chief Executive Officer of Vinculum Group, added, “We are delighted with the investment to be made by Delhivery in Vinculum. This lays the foundation for deep tech integration between both companies, tremendous collaboration opportunities, and immense business value for our customers."

The investment is subject to the satisfactory completion of closing conditions.

About Delhivery Ltd.

Delhivery is India's largest fully integrated logistics services provider. With its nationwide network covering over 18,500 pin codes, the company provides a full suite of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services. Delhivery has successfully fulfilled over 2 billion shipments since inception and today works with over 27000 customers, including large & small e-commerce participants, SMEs, and other enterprises & brands. For more information about Delhivery, please visit www.delhivery.com.

About Vinculum Solutions Private Limited

As a market-leading SaaS Omni Channel Software provider, Vinculum empowers brands to seamlessly syndicate and list product data to expand their reach through their own webstores, online marketplaces, and social channels, managing orders and inventory across channels while enabling fulfillment from any point across the supply chain. Vinculum’s product suite also enables brands and companies with a ready technology stack to set up b2c and b2b marketplaces. With over 400 satisfied customers, Vinculum’s cutting-edge deep-tech software product suite has earned the company a place among the elite Global Supply Chain Competency Cohort of AWS. The company is widely acclaimed by leading industry analysts and customer review sites such as Gartner, Forrester, G2, etc. For more information about Vinculum, please visit www.vinculumgroup.com.

Volvo Trucks India & Delhivery Continue to Drive Progress in Express Logistics

Celebrating the major milestone of handing over the 325th Volvo FM 4x2 Tractor

Letter of Intent signed for additional 200 units Volvo FM 4x2 Tractors

Jointly shaping the Indian Express Logistics industry through world-class, environmentally friendly, and safe transport solutions

Volvo Trucks India, a division of VE Commercial Vehicles Ltd., in a landmark moment, delivered the 325th tractor-trailer solution to Delhivery Ltd., India’s largest fully-integrated logistics services provider, for Express and B2B logistics operations. Roger Alm, EVP of Volvo Group & President Volvo Trucks handed over the key of 325th Volvo FM 4x2 tractor to Mr. Sahil Barua, Managing Director and Chief Executive Officer and Mr. Ajith Pai, Chief Operating Officer, Delhivery in Bangalore on 26th April 2023.

Volvo Trucks and Delhivery joined hands together in 2019 when the first FM 4x2 tractor-trailer solution was introduced for express cargo logistics setting new standards on delivery schedule as well as improving the cost efficiency of services. Since then, the Volvo- Delhivery partnership has clearly highlighted the Volvo FM 420 4x2 tractor-trailer solution as the ideal industry benchmark for express logistics clocking up to 25,000 kms a month with exceptional Uptime. Commercial trials for Liquified Natural Gas Tractor Trailer solutions have also been ongoing since Sep’22 on select routes, and the results so far look very promising, with improved fuel efficiency as well as reduced emissions.

“Proud to see the progress so far, and congratulations to Delhivery on this important milestone. Look forward to jointly driving more sustainable transport solutions in India, bringing the best of global expertise where Volvo Trucks is leading the transformation,” said Roger Alm, President- Volvo Trucks Corporation.

Addressing the occasion, Vinod Aggarwal, MD & CEO, VE Commercial Vehicles Ltd., said, “We started the partnership journey four years ago, and I am proud to see Delhivery and Volvo Trucks drive the change in the industry by introducing the most innovative solutions. This is in line with the vision of the Government of India as laid out in the National Logistics Policy and is a significant milestone in Volvo Trucks' journey in the long-haul segment in India.”

Sahil Barua, Managing Director, and Chief Executive Officer, Delhivery, added, “We are extremely proud of our partnership with Volvo and are delighted to strengthen it further. These tractor-trailers are critical to our mid-mile strategy and go a long way in making our network highly efficient and more sustainable. Since the start of our partnership with Volvo, we have scaled up the salience of these tractor-trailers within our network. We are excited about the future of this partnership and the rollout of newer platforms such as LNG and Electric trucks.”

Recognizing the important milestone in the journey with Delhivery, Mr. Dinakar, EVP Volvo Trucks India, said, “We are happy to have partnered with Delhivery to drive efficiency and productivity in the express logistics segment. Turn-around time, Efficiency, and Driver productivity are the key to being successful in this segment. Our FM 4x2 tractor-trailer solution, backed by world-class support services including customized driver training programs, enabled to improve overall operational efficiencies and grow the business together.”

“We are pleased to receive a Letter of Intent for 200 more units for upcoming requirements at Delhivery, and this would take the overall Volvo Trucks fleet in Delhivery operations to 500+ units,” concluded Mr. Jonas Nilsson, Vice President India & Indonesia, Volvo Trucks International.

We congratulate team Delhivery on this momentous milestone.

About Volvo Trucks

Volvo Trucks is a world-leading truck manufacturer, committed to drive progress and shape the future landscape of sustainable transports. We provide total transport solutions in the medium to heavy-duty segment and offer support to customers in more than 130 countries. Our foundation is our core values - Quality, Safety, and Environmental care.

About VE Commercial Vehicles Limited (VECV):

VE Commercial Vehicles Limited (VECV) is a joint venture between the Volvo Group and Eicher Motors Limited. In operation since August 2008, the company manufactures and sells the complete range of Eicher branded trucks and buses, Volvo Buses in India and is the exclusive distributor of Volvo Trucks in India, besides manufacturing and exporting for Volvo Group, non-automotive engines and Eicher component business. A multi-brand, multi-division company, backed by innovative products & services, VECV today, is recognized as an industry leader for modernizing commercial transportation in India and the developing world.

About Delhivery Ltd.

Delhivery is India's largest fully integrated logistics services provider. With its nationwide network covering over 18,500 pin codes, the company provides a full suite of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services. Delhivery has successfully fulfilled over 1.9 billion shipments since inception and today works with over 26,000 customers, including large & small e-commerce participants, SMEs, and other enterprises & brands. For more information about Delhivery, please visit www.delhivery.com.

Delhivery Reports Sequential Improvement in E-Commerce Volumes and Profitability Metrics

Delhivery Limited (NSE: DELHIVERY, BOM: 543529) reported revenue from services of Rs. 1,822 Cr in Q3 FY23, up 1% sequentially from Rs. 1,796 Cr in Q2 FY23. Adjusted EBITDA loss narrowed by 47% from Rs 125 Cr in Q2 FY23 to Rs 67 Cr in Q3 FY23. Loss after Tax in the same period narrowed from Rs. 254 Cr in Q2 FY23 to Rs. 196 Cr in Q3 FY23. The company reported an adjusted cash profit of Rs 34 Cr in this quarter versus negative Rs 32 Cr in Q2 FY23.

Overall business economics continued to improve with Adjusted EBITDA margin improving 330bps from -7.0% in Q2 FY23 to -3.7% in Q3 FY23. This improvement was driven by a combination of factors. In line with Q2 FY23, the incremental gross margin in the Express Parcel and PTL businesses combined continued to be approximately 50% in Q3 FY23 as well. Additionally, improved capacity utilization in the network, ongoing cost optimization measures and continued focus on revenue quality & margin improvements across customer segments also contributed to improvement in Adjusted EBITDA.

Revenue from Express Parcel services grew 7% QoQ from Rs. 1,125 Cr in Q2 FY23 to Rs. 1,200 Cr in Q3 FY23. Express Parcel volumes grew by 9 million shipments QoQ from 161 million shipments in Q2 FY23 to 170 million shipments in Q3 FY23 despite festive season sales starting in Q2 this year, unlike FY22. Revenue from Part Truckload services stood at Rs 277 Cr in Q3 FY23 versus Rs 293 Cr in Q2 FY23. The PTL business demonstrated robust volumes and consistently high service levels through November, December and January, providing a strong momentum as the business enters the busiest part of the year.

Truckload and Supply Chain Services businesses remained stable in the seasonality driven Q3 FY23 period. The SCS customer pipeline continued to expand, with new clients added in the auto ancillary & parts, healthcare, home furnishing & furniture, beauty & personal care, consumer electronics and construction sectors, along with expansion of existing contracts in auto, industrial and consumer segments.

“Leading indicators of our business - service precision, network speed and quality parameters all continue to show positive traction. We have had a good end to the year and this momentum has carried into 2023. We are confident of continued improvement in our transportation business, especially PTL, and overall profitability metrics”, said Sahil Barua, Managing Director & Chief Executive Officer, Delhivery.

Delhivery will host its earnings call to discuss Q3 FY23 results at 4:00 p.m. IST on Saturday, February 11, 2023. The registration link for the call has already been shared with the stock exchanges and the link to the audio replay will be made available on the Investor Relations page of the company’s website at https://www.delhivery.com/investor-relations/ following the earnings call.

Non-GAAP measures

Adjusted EBITDA is calculated by adding back to the Company’s PAT any non-recurring expenses, any non-cash expenses, depreciation & amortization, finance costs, tax as well as adjusting for any IndAS 116 related adjustments to lease rentals.

This metric reflects the operating cash profitability of the Company’s business and is used by the management team for overall assessment of the business, to make operating decisions, preparation of annual operating plans, and to communicate to the stakeholders about the financial performance.

About Delhivery

Delhivery is India's largest and fastest-growing fully-integrated logistics services provider. With its nationwide network covering over 18,500 pin codes, the company provides a full suite of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services. Delhivery has successfully fulfilled over 1.9 billion shipments since inception and today works with over 26,000 customers, including large & small e-commerce participants, SMEs, and other enterprises & brands. For more information about Delhivery, please visit www.delhivery.com.

Delhivery to Acquire Pune-based Algorhythm Tech

Delhivery, India's largest fully-integrated logistics service provider, will acquire the Pune-based Algorhythm Tech Pvt. Ltd. that delivers intelligent planning & optimization solutions for enterprise supply chain operations. The company said the transaction is expected to be completed by 31st Jan 2023. This would be a 100% acquisition post which Algorhythm Tech will operate as a wholly owned subsidiary of Delhivery Limited.

Founded in 2003 by Abhaya Borwankar, Ajit Singh, and Sandeep Pendurkar, Algorhythm offers end-to-end supply chain planning & execution products to clients across FMCG, pharma, steel, auto and telecom sectors, through its proprietary Rhythm 3.0 platform.

Commenting on the announcement, Sandeep Kumar Barasia, Executive Director and Chief Business Officer, said, “We congratulate Abhaya, Ajit, and Sandeep on building a truly differentiated product offering with a great depth, and breadth of coverage across industry sectors and use cases. Given that technology has and continues to be our core business differentiator, Algorhythm Tech’s SCM software products will enhance our Supply Chain Solutions offering with value added services and also drive cost optimization in service delivery.

These SCM products are increasingly becoming vital for supply chain planning and optimization. And our clients will have the option of availing the benefits of these as part of our Integrated Solutions platform.”

Delhivery's Supply Chain Solutions business combines the strength of its warehousing and transportation operations, infrastructure, network, and technology with deep data science and business intelligence capabilities. This enables the company to provide comprehensive and integrated logistics solutions that improve the reliability, speed, and efficiency of its customers’ supply chains.

Ajit Singh, Co-founder, Algorhythm Tech, added, “Delhivery has made great strides to emerge as the largest logistics provider in India in a decade and we can think of no better team or company to work with to accelerate our joint vision for the future.”

About Delhivery

Delhivery is India's largest fully-integrated logistics services provider. With its nationwide network covering over 18,400 pin codes, the company provides a full suite of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services. Delhivery has successfully fulfilled over 1.7 billion shipments since inception and today works with over 28,000 customers, including large & small e-commerce participants, SMEs, and other enterprises & brands. For more information about Delhivery, please visit www.delhivery.com. 

About Algorhythm Tech Pvt. Ltd.

Algorhythm Tech is an innovative Supply Chain Technology company based out of Pune, India. It offers comprehensive supply chain planning & optimization solutions for Industry sectors like FMCG, Pharma, Steel, Auto, Telecom etc. through its proprietary, AI-powered SaaS platform, rhythm 3.0. Rhythm 3.0 consists of unique algorithmic products for delivering substantially higher efficiency in Sales & Operations Planning, Transportation and Network Planning.

Lee Fixel's VC Firm Addition invests $125M in Delhivery

 

Addition invests $125M in Delhivery

New Delhi, Sept 24, 2021: Delhivery has announced an investment of $125M from Lee Fixel's venture capital firm, Addition. Addition is the latest global fund to invest in the company, following earlier rounds from other marquee global investors. Lee remains a long-term backer of Delhivery and has been investing and re-investing in the company since 2015.

Sahil Barua, CEO of Delhivery, added, "We have a long-standing relationship with Lee and are delighted to welcome him to our cap table again. This investment reinforces the trust that institutional investors have placed in Delhivery and is a validation of the strength of our business."

Lee Fixel, founder of Addition, said, "Delhivery has established a market-leading position by innovating across the logistics space and has attracted several marquee investors. We are pleased to continue to support Delhivery and its new logistics SaaS, which is well-positioned to transform the global supply chain and logistics markets".

Delhivery is a leading end-to-end logistics and supply chain services company in India. With its nationwide network covering over 17,000 pin codes, the company provides a full suite of logistics services such as express parcel transportation, LTL and FTL freight, reverse logistics, cross-border, B2B & B2C warehousing, End-to-end supply chain services, and technology services.Delhivery has successfully fulfilled over 1 billion shipments since inception and today works with over 17,000 customers, including large & small e-commerce participants, SMEs, and other enterprises & brands. For more information about Delhivery, please visit www.delhivery.com.

Delhivery Launches an Innovation Lab to Provide a Platform to Emerging Tech Startups in Logistics

In a move that reiterates their commitment to developing differentiated technology solutions, Delhivery Private Limited (Delhivery), a leading logistics and supply chain company in India, has partnered with Mumbai-based Startup Réseau, a specialized operator of industry-backed accelerator programs, to launch the Delhivery innovation lab.

Delhivery's core business differentiator has been its consistent focus on integrating Technology in a largely traditional sector like Logistics. The innovation lab is an extension of the company's overall objective of developing smart solutions for businesses and the sector at large.

The initiative will catalyze Indian entrepreneurs and the startup community to develop smart solutions in logistics and supply-chain and tap into the massive opportunities offered by digital technology.

Kapil Bharati, Co-Founder, and Chief Technology Officer, Delhivery, said, "The scale and growth of Delhivery has been achieved through investments in infrastructure, network engineering and an extensive network of partners, orchestrated by our in-house logistics platform. We work with multiple partners from startups to tech companies, to leverage their products and prototypes to continuously improve our systems. This accelerator program is our attempt to make this process structured and open to a large community of tech entrepreneurs. Through this initiative, we are looking to collaborate with enterprising startups working on developing Machine Learning, Machine Vision, AI, and IoT solutions for pre-defined business cases."

Ajay Ramasubramaniam, Founder & CEO, Startup Réseau, said: "Delhivery is built on the backbone of technology, and we feel that this is a great opportunity for emerging tech startups to collaborate. We have identified key business areas in which we are looking for solutions that are pilot-ready. In addition to operating a structured POC-led accelerator program, we also aim to discover interesting tech solutions for the logistics and supply chain industry. We are excited about this partnership and look forward to enabling some great success stories."

The Objective of Delhivery Innovation Labs is to enable technology partnerships, strategic engagements, and proof-of-concept development on pre-defined use cases with emerging tech startups. Delhivery Innovation Labs is now accepting applications for its inaugural cohort, which will go live in November 2021.

About Delhivery

Delhivery is a leading end-to-end logistics and supply chain services company in India. With its nationwide network covering over 18061 pin codes the company provides a full suite of logistics services such as express parcel transportation, LTL and FTL freight, reverse logistics, cross-border, B2B & B2C warehousing, End-to-end supply chain services, and technology services. Delhivery has successfully fulfilled over 1 billion shipments since its inception. For more information about Delhivery, please visit www.delhivery.com.

About Startup Reseau

Startup Réseau has a core expertise in setting up and operating startup bootcamps, corporate accelerator & innovation programs, and entrepreneurship linked initiatives in emerging markets across India, South East Asia and Africa. All programs are built around an ultimate global network of Enterprises, Capital, Markets and Services for Startups. Learn more about Startup Réseau on www.startupreseau.com

Delhivery Acquires Spoton to Become One of the Leading B2B Express Logistics Players in India

Delhivery, a leading end-to-end logistics, and supply chain services company in India, confirmed the acquisition of Bangalore-based Spoton Logistics. This move further strengthens Delhivery's existing B2B capabilities.

Commenting on the announcement, Sahil Barua, Delhivery CEO, said, "This development is consistent with our objective of being growth-oriented and building scale in each of our business lines. Over 10 years Delhivery has established a leading position in B2C logistics and now by combining our part truckload business with Spoton's we will be on the path to the same position in B2B express as well. More importantly, we are well placed to provide benefits of synergies between our B2C and B2B express businesses to the customers of both Delhivery and Spoton, and further enhance our end-to-end supply chain capabilities".

Abhik Mitra, Managing Director, Spoton Logistics, said, "The Spoton team and I are hugely excited to be part of Delhivery's journey of growth and value-creation. The Delhivery team has done a tremendous job in creating a leading end-to-end logistics, and supply chain services company in India in a short span. Spoton is known for its focus on customer relationships and service quality, professional management and technology and engineering, which are values shared by Delhivery as well, and that sets us up to together be one of India's leading logistics companies.

We will continue to invest in improving our clients’ businesses through our investments in people, technology, network and infrastructure. Our teams and our business partners will have an opportunity to be part of a much larger organization with significant opportunities for growth".

Sandeep Barasia, Chief Business Officer of Delhivery, also added, "Spoton is a great business. Abhik and the team have done a fantastic job of building the company. We take great pleasure in welcoming the entire Spoton team to Delhivery. This is a coming together of two high quality companies with shared values. Our combined scale and focus on technology and data will enable us to develop new solutions for our customers and allow us to enter new verticals in freight".

Samara Capital and Xponentia that together acquired Spoton from IEP in 2018, are making a full exit for cash as part of the transaction.

Kotak Mahindra Capital Company acted as the financial advisor and Shardul Amarchand Mangaldas & Co. acted as the legal advisor to Delhivery on this transaction

About Delhivery

Delhivery is a leading end-to-end logistics and supply chain services company in India. With its nationwide network covering over 19,400 pin codes, the company provides a full suite of logistics services such as express parcel transportation, LTL and FTL freight, reverse logistics, cross-border, B2B & B2C warehousing, End-to-end supply chain services, and technology services. Delhivery has successfully fulfilled over 1 billion shipments since inception and today works with over 17,000 customers, including large & small e-commerce participants, SMEs, and other enterprises & brands. For more information about Delhivery, please visit www.delhivery.com.

About Spoton Logistics

Spoton Logistics, an engineering and technology-driven logistics company, is a leading multimodal express logistics and supply chain solutions company in India. The company started its journey in 2012 when private equity firm India Equity Partners bought the domestic business from TNT India. In 2018, Spoton partnered with a consortium of investors led by Samara Capital and Xponentia Fund Partners to build the next stage of its growth. A well-established network, and professional resources allows it to service customers in an array of industries, including Hi-tech, Automotive, Engineering, Pharmaceutical, Electronics & Electricals, and Lifestyle, Retail & eCommerce.

Delhivery Raising $115 Mn from CPPIB of Canada

Third-party logistics firm Delhivery has raises US$115 Mn from Canada Pension Plan Investment Board (CPPIB). The investment was made through CPPIB’s Fundamental Equities Asia Group. CPPIB, which aims for fundamental research and investment in quality companies for the long term in Asia, reported several media outlets including Business Standard.

The fresh funding comes within a month after India's competition watchdog CCI has approved stake acquisition by CPPIB in Delhivery.

Last month, CCI clears the acquisition of up to 8% equity stake in Delhivery through a secondary purchase from existing shareholders of the logistics firm by CPPIB, as per the notice submitted to the Competition Commission of India (CCI).

Following the investment, CPPIB will have one seat on Delhivery's board of directors.

Delhivery, which operates in over 2,000 cities and towns, has so far raised a total of US$934 million and few thousand dollar short of becoming a 'Unicorn Startup', according to www.indianweb2.com estimates.

Deborah Orida, senior managing director and global head of active equities at CPPIB, said, "The continued strong growth of e-commerce has generated significant opportunities in India's express logistics space for long-term investors such as CPPIB and we are pleased to partner with a market leader."

CPPIB is also an investor in Edtech unicorn BBYJU'S, which had raised $400 million in funding from CPP Investment Board along with Naspers Ventures, General Atlantic and some existing investors in December last year.

Sahil Barua, founder and CEO of Delhivery, said, “Last year has been particularly exciting for us at Delhivery. We crossed 17,500 pin codes across India, launched three businesses, created over 10,000 jobs and delivered financial returns and liquidity for our early-risk investors, while bringing in an incredible set of patient partners who will continue to back us on our long-term ambition.”

CCI Clears Stake-Acquisition in Logistics firm Delhivery by Canada's CPP Investment Board

New Delhi, Aug 20 (PTI) The Competition Commission has approved stake acquisition in logistics firm Delhivery by Canada Pension Plan Investment Board (CPPIB).

The deal is related to the acquisition of up to 8 per cent equity stake in Delhivery through a secondary purchase from existing shareholders of the logistics firm by CPPIB, as per the notice submitted to the Competition Commission of India (CCI).

The CCI "approves the acquisition of shares in Delhivery Private Limited by Canada Pension Plan Investment Board," the regulator said in a tweet on Tuesday.

CPPIB is a professional investment management organisation. It is governed and managed independently of the Canada Pension Plan and at arm's length from the government, while Delhivery is engaged in the provision of third party logistics services in India.

Last December, Edtech unicorn BBYJU'S had raised $400 million in funding from CPP Investment Board along with Naspers Ventures, General Atlantic and some existing investors.

Deal beyond certain levels requires approval from Competition Commission of India. PTI VHP

Here're 10 Top Funded Indian Startups of 2017 (Year-To-date)

We are halfway to 2017, and buzz of funding slowdown, startup shutdown, lack of innovation etc has already caught its pace. There are talks of startup bubble bursting down, but there are still some insist that the startup bubble has not burst yet. Though investors have become cautious and backed sectors that are problem-solving at a macro level, and not blindly following the e-commerce or hyperlocal buzz, India has still managed to get some of the most funded startups. 

Here is the list of most funded startup of 2017, year-to-date:

Flipkart

$1.4 Billion

In the scenario where Indian e-commerce is facing a tough time, homegrown major, Flipkart has taken over the rein of the market by becoming the third most funded private company in the world. Flipkart, an online shopping destination for India founded in 2007 by Sachin Bansal and Binny Bansal recently bagged $ 2.4 billion from Japanese technology and telecom giant SoftBank, making it most funded startup in India.

Flipkart’s total raised capital is now almost $7.12 billion which is higher than that raised by global giants like online house rental aggregator Airbnb ($3.3 billion) and mobile phone maker Xiaomi ($1.4 billion). If we talk about the valuation, Flipkart stands at the 9 position with about $15 billion. Prior to this in April 2017, Flipkart secured a $1.4 billion at a valuation of $11.6 billion. Flipkart managed to secure this investment at a post-money valuation of $11.6 billion from the likes of Tencent, eBay, and Microsoft. This fundraising round also witnessed participation from existing Flipkart investor, Tiger Global, Naspers, Accel and DST Global.

Before this round, the Bengaluru-based firm had last raised funds in June 2015 when existing investors led by Tiger Global Management pumped $700 million into the company, valuing it at $15 billion. By August 2015, after raising $700 million, Flipkart had already raised a total of $3 billion, over 12 rounds and 16 investors.

PayTM

$1.4 Billion

Vijay Shekhar Sharma founded PayTM has become the buzzword. It is one such company which has secured the largest funding round from a single investor. The Indian technology startup, PayTM has recently raised $1.4 billion from Japan’s SoftBank Group.

The Japanese internet and telecom major, Softbank has invested in PayTM's parent company One97 Communications, helping Noida headquartered startup to expand its user base of 220 million and build a large offering of financial services products. Post this funding One97 now valued at $7 billion.

Ola

$404 Billion

Despite bleeding losses, high employee cost, the cab-hailing firm Ola has been successful in raising a sizeable amount of funds. The startup has recently raised over Rs231 crore from Tekne Private Ventures through an issue of preference shares, reports Live Mint.  In June 2017, Ola had raised about $50 million (Rs 322 crore) from New York-based hedge fund Tekne Capital Management LLC, as part of the company’s ongoing funding round. Prior to this cab hailing app raised Rs 670 crore in a fresh round of funding from Ratan Tata’s venture fund RNT Capital Advisers LLP and US hedge fund Falcon Edge Capital LP.

Founded by Bhavish Aggarwal and Ankit Bhati in 2010, Ola is backed by marquee investors including SoftBank, Tiger Global and Matrix Partners. Since November 2016, Ola has raised nearly $400 million. Ola, which has a presence in over 100 Indian cities as against Uber’s operations in 29, has been aggressively ramping up its portfolio of services.

ReNew Power Ventures

$202 Million

Wind energy firm based in India, ReNew Power has recently raised around $100 million in structured credit from Piramal Capital’s structured financing group (SFG) to raise his stake in the company ahead of a proposed initial public offering (IPO), reports Live Mint.

The firm founded by Sumant Sinha is one of the largest renewable energy producers in the country has around 1.2GW of operational capacity across the wind and solar projects.

In February 2017, ReNew raised $200 million where JERA Co. Inc. bought a 10% stake in the company, valuing it at $2 billion. ReNew Power’s earlier backers include Goldman Sachs, sovereign wealth fund Abu Dhabi Investment Authority (ADIA) and Global Environment Fund.

ReNew Power’s recent debt financing transactions include a long-term $390 million debt funding from ADB, a $250 million credit line from Overseas Private Investment Corp. It also raised $475 million through masala bonds earlier this year.

In October 2015, the company raised $265 million in equity capital from Abu Dhabi Investment Authority, Goldman Sachs and Global Environment Fund. The round took the company’s total equity fundraising to $655 million. Goldman has invested a total of $370 million in the company.

Paytm Mall

$200 Million

After PayTM, India get gets the another unicorn in form of its e-commerce arm. Yes, PayTM e-commerce arm secured funding from Paytm’s existing investors Alibaba and SAIF Partners who have put in $177 million and $23 million respectively into Paytm Mall. Paytm has now become the only company with both payments and e-commerce businesses to be valued at billion dollars as separate entities.

Paytm Mall, owned by Paytm Ecommerce Pvt Ltd, is on a mission to become the technology partner of retailers and brands, enabling them to set up stores online.Paytm Mall is scaling its partner network by adding 3,000 agents to its existing workforce as it goes deeper into tier II and tier III cities, digitizing

Paytm Mall is scaling its partner network by adding 3,000 agents to its existing workforce as it goes deeper into tier II and tier III cities, digitizing catalogues of neighborhood shopkeepers and brands authorized stores. It will continue equipping these shopkeepers with technology by digitizing their catalogues, opening their store on its mall and making their shops QR Code-enabled. It has also extended logistics support and GST training to equip these retailers for the current business landscape. The company would also facilitate access to working capital loans, a major pain-point for every small retailer and play a critical role in their growth plans. These factors will contribute to enhancing their income and eventually lead to creating new jobs for our nation’s progress.

Greenko Group

$155 Million

Greenko Group is one of India's fastest growing Independent power producers, focusing on developing clean energy assets in India to meet India's ever increasing demand for power. In March 2017, the firm raised $155 million (Rs 1,010 crore) from existing investors Singapore’s sovereign wealth fund GIC and Abu Dhabi Investment Authority (ADIA) is one of the largest fund-raising exercises in the renewable energy sector.

According to ET, Hyderabad-based Greenko last year got $230 million in new funds from an entity owned by ADIA and an affiliate of GIC Singapore at a $1 billion valuation. ADIA invested $150 million while $80 million came from GIC.

Delhivery

$138 Million

Gurgaon-based logistics company SSN Logistics Pvt Ltd, which runs the web platform Delhivery.com has managed to make its place in the list of most funded Indian startups. In May 2017, Delhivery has received $30 million (about Rs200 crore) funding from Chinese conglomerate Fosun International. According to the LiveMint report, This additional investment was a part of the bigger equity financing round where The Carlyle Group infused $100 million to pick up a minority stake in the firm.

Founded in 2011 by Sahil Barua, Mohit Tandon, and Suraj Saharan, the startup raised $85 million in a series D round led by Tiger Global Management with participation from existing investors—Multiples Alternate Asset Management, Nexus Venture Partners, and Times Internet Limited in March 2015. Prior to that, in September 2014, it had raised its series C round led by Multiples Alternate Asset Management.

Hero Future Energies

$125 Million

The renewable energy arm of the Hero Group, Hero Future Energies raised $125 billion from International Finance Corp. (IFC), the private sector investment arm of World Bank. Founded in 2012, HFE is poised to provide clean power to industries, businesses, educational institutes, non-profits and governmental organizations at competitive rates. HFE assist its clientele in fulfilling their Renewable Purchase Obligations (RPOs) by reducing their dependence on power generated by fossil fuels like coal, oil and natural gas.

Spandana Sphoorty Financial Limited

$100 Million

According to LiveMint, microfinance lender Spandana Sphoorty Financial Ltdin April 2017, raised $270 million of funding. Around $100 million comes in the form of equity capital from a Kedaara Capital-led consortium including Ontario Teachers’ Pension Plan, and the rest in the form of debt capital from IndusInd Bank Ltd, Yes Bank Ltd and ICICI Bank Ltd.

Spandana Sphoorty is a Micro Finance firm headquartered at Hyderabad. It has presence pan India and has an employee base of 3500+ professionals. The company came into existence with a noble thought of upgrading the economic and social life of rural women, started by a woman for the women.

Swiggy

$80 Million

Indian food ordering and delivery platform, Swiggy raised $80 million in series-E funding in May 2017. The deal was led by Naspers, a global internet and entertainment group, and one of the world’s largest technology investors, with earlier investors Accel India, SAIF Partners India, Bessemer Venture Partners, Harmony Partners and Norwest Venture Partners participating.

Swiggy is among the best-funded food delivery startups in India. It raised at about $155 million in equity from Accel Partners, Bessemer Venture Partners, Harmony Partners, RB Investments, Norwest Venture Partners, SAIF Partners and Apoletto, the personal investment firm of Russian billionaire and founder of DST Global, Yuri Milner. It has also raised about $8 million in venture debt from InnoVen Capital.

Swiggy has been a forerunner in online food ordering and delivery in India, by consistently shrinking delivery times and improving customer experience.