Delhivery Limited
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Delhivery Limited - overview
Established
2011
Location
Gurgaon, Haryana, India
Primary Industry
Logistics & Distribution
About
Delhivery Limited, based in India, is a prominent logistics and supply chain services provider that specializes in express parcel delivery, freight forwarding, and eCommerce logistics solutions. Founded in 2011 in Gurgaon, India, Delhivery Limited offers logistics services tailored to the needs of B2B enterprises and D2C brands. The company has raised a total of INR 9102. 00 mn through various funding rounds, with the latest being a Secondary Stock Purchase involving investors such as Aditya Birla Sun Life Mutual Fund and Fidelity Investments.
The company was co-founded by Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua, and Suraj Saharan. Chethan HJ serves as the CEO. Delhivery Limited provides a comprehensive suite of logistics solutions, including integrated logistics services, express parcel delivery, freight forwarding, and eCommerce logistics. Their offerings cater to B2B enterprises, D2C brands, and personal courier needs, addressing shipping and supply chain processes.
Key services include part truckload and full truckload transport, international shipping, and warehousing, with a significant focus on cross-border logistics across Asia, particularly in India. In the most recent year of 2024, Delhivery Limited reported a revenue of INR 983,501,794. 4 and an EBITDA of INR 35,971,487. 2.
Their transaction-based revenue model encompasses both B2B and D2C transactions, with income generated from express parcel delivery and freight services, leveraging partnerships with retailers and wholesalers to enhance efficiency in their supply chain operations. In April 2026, returning investor BNP Paribas, SBI Mutual Fund Trustee Company Pvt. Ltd. , and Nippon India Mutual Fund acquired a stake in Delhivery Limited from Nexus Venture Partners for INR 5.
3 billion. Other unspecified investors also participated in the round.
Current Investors
Times Internet Limited, Carlyle Group, Tiger Global Management
Primary Industry
Logistics & Distribution
Sub Industries
Courier & Delivery Services, Freight Transportation Services, Warehouses, Packaging, Logistics Software
Website
www.delhivery.com/
Verticals
IoT (Internet of Things)
Company Stage
Mature
Total Amount Raised
Subscriber access only
Delhivery Limited - timeline of key events

Delhivery Limited - financials
| Fiscal Year Ended | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 10,193,800,000 | 16,538,300,000 | 27,774,500,000 | - | - | - | - |
| % Revenue Growth (YoY) | - | 62.2% | 67.9% | - | - | - | - |
| EBITDA (USD) | (6,618,100,000) | (16,773,800,000) | (1,103,300,000) | - | - | - | - |
| Operating Income (USD) | (7,150,400,000) | (17,971,200,000) | (3,647,100,000) | - | - | - | - |
| Operating Margin | (70.1%) | (108.7%) | (13.1%) | - | - | - | - |
| % EBITDA Margin | (64.9%) | (101.4%) | (4.0%) | - | - | - | - |
| NET Income (USD) | (6,844,600,000) | (17,810,400,000) | (2,841,300,000) | - | - | - | - |
| % Net Margin | (67.1%) | (107.7%) | (10.2%) | - | - | - | - |
Delhivery Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE, Secondary Buyout | Completed | Delhivery Limited | - | ||||||||
| PIPE, Secondary Buyout | Completed | Delhivery Limited | - | ||||||||
| PIPE, Secondary Buyout | Completed | Delhivery Limited | - | ||||||||
| PIPE, Secondary Buyout | Completed | Delhivery Limited | - | ||||||||
| Trade Sale | Completed | Spoton Logistics Pvt. Ltd. | - |
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Delhivery Limited - employee data


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