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Delhivery

Delhivery SSN Logistics Private Limited started its operations as a last-mile logistics provider in Delhi-NCR (National Capital Region) in 2011. Founded by Sahil Barua, Mohit Tandon, Suraj Saharan, Bhavesh Manglani, and Kapil Bharati, it is among India's leading logistics and supply chain services companies today.


It provides a range of services, such as warehousing, transportation, freight, and order fulfilment, and has expanded its footprint globally, establishing cross-border shipping solutions to facilitate international e-commerce trade.


In 2012, it raised $1.5 million in Series A funding, expanded to two cities, handling 50,000 shipments/month. In 2013, it raised $6 million in Series B funding.


In 2014, Delhivery raised $5 million in funding from Nexus Venture Partners in its Series B funding round.


In 2015, Delhivery raised $85 million in its Series D funding round, led by Tiger Global Management, and by 2017, it reached 12,000+ pincodes and 1,200+ cities. Later in 2019, SoftBank's investment made them India's first unicorn that year.


In May 2022, the company launched its IPO, making a tepid debut in the stock market. For the financial year 2022-23, Delhivery reported a revenue of Rs 7,225 crore.

Delhivery News

Botanic Healthcare raises Rs 250 Cr in its maiden PE round

Funding

Botanic Healthcare raises Rs 250 Cr in its maiden PE round

Akshita Toshniwal | January 7, 2025

The funding will enable Botanic Healthcare to consolidate its group entities and strengthen its presence in the rapidly growing global nutraceutical market.

Akasa Air appoints marketing veteran Belson Coutinho as Chief Operating Officer

News

Akasa Air appoints marketing veteran Belson Coutinho as Chief Operating Officer

Press Trust of India | January 7, 2025

Coutinho's appointment comes at a time when Akasa Air is under regulatory lens for certain alleged safety norm violations and lapses.

Startup news and updates: Daily roundup (January 7, 2025)

News

Startup news and updates: Daily roundup (January 7, 2025)

Team YS | January 7, 2025

YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Tuesday, January 7, 2025.

Bengaluru EV maker Oben Electric bags Rs 50 Cr in Series A funding to expand operations

Funding

Bengaluru EV maker Oben Electric bags Rs 50 Cr in Series A funding to expand operations

Sayan Sen | January 7, 2025

Oben Electric will use the funds to expand its distribution network to over 100 showrooms across 50 cities in India by the end of FY26.

Electric tractor maker Moonrider raises $2.2M seed funding

Funding

Electric tractor maker Moonrider raises $2.2M seed funding

Akshita Toshniwal | January 7, 2025

The company plans to use the funds to boost innovation and capabilities in vehicle engineering, vehicle software, and battery technology.

EMO Energy raises $6.2M in Series A funding

Funding

EMO Energy raises $6.2M in Series A funding

Sai Keerthi | January 7, 2025

The newly raised funds will be used to scale up its two and three-wheeler energy solution to over one lakh vehicles in the next two years.

Beauty and Superstore lead Nykaa’s growth; Shaping the future of logistics

Daily Capsule

Beauty and Superstore lead Nykaa’s growth; Shaping the future of logistics

Team YS | January 7, 2025

Nykaa expects to see strong growth for its beauty and superstore verticals in the third quarter. upGradMayank Kumar and OYO's Ayush Mathur are reuniting to skill Indian talent. TSAW Drones offers on-demand delivery for sectors like healthcare, ecommerce, and quick commerce.

How Vmaker AI is pioneering the future of video editing

In-focus

How Vmaker AI is pioneering the future of video editing

Saranya Chakrapani | January 7, 2025

Recognising the growing demand for video content across industries and the challenges of traditional editing tools, RS Raghavan is on a mission to make video creation simple and accessible through his AI-powered platform.