Delhivery

Corporate brand

Indian logistics and supply-chain company providing express parcel, freight, warehousing, and related technology-enabled delivery services.

Last updated August 26, 2026

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Overview

Delhivery is an Indian logistics and supply-chain company headquartered in Gurugram, Haryana. Founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati, the company developed alongside India's rapidly expanding e-commerce sector. It began as a hyperlocal delivery concept serving offline retailers in Gurugram, including flower and food deliveries, but soon shifted its attention to technology-enabled logistics for online merchants. Its first e-commerce customer was Urban Touch, an online fashion and beauty retailer, signed in June 2011. By August of that year, the company had moved almost entirely into e-commerce logistics. The brand's business has expanded beyond conventional courier delivery. Delhivery provides express parcel transportation, heavy-goods and freight movement, warehousing, fulfillment, supply-chain management, cross-border services, and logistics technology. Its model combines physical hubs, line-haul transportation, first- and last-mile networks, sorting infrastructure, tracking systems, and software intended to coordinate shipments for merchants and enterprise customers. This positioning has made Delhivery an infrastructure provider for digital commerce as well as a consumer-facing parcel delivery brand. Growth was supported by substantial venture and institutional investment. SoftBank led a major funding round in March 2019, and a further round led by Fidelity in May 2021 reportedly valued the company at nearly US$3 billion. Delhivery strengthened its business-to-business freight capabilities in August 2021 by acquiring Spoton Logistics, and later expanded its interest in logistics technology through the acquisition of California-based Transition Robotics in December 2021. By December 2021, the company had raised approximately US$1.4 billion across private funding rounds, according to the cited reference material. Delhivery went public in India in May 2022. It raised approximately ₹2,347 crore from anchor investors before launching an initial public offering of approximately ₹5,235 crore, and its shares were admitted to trading on the Bombay Stock Exchange and National Stock Exchange. The public listing marked a transition from venture-backed logistics scale-up to a listed transportation and supply-chain company. In 2024, Delhivery also became one of the sponsors of Royal Challengers Bangalore in the Indian Premier League, increasing its consumer visibility beyond its operational role in commerce logistics. The company remains principally focused on the Indian market. Its competitive identity rests on network breadth, shipment visibility, fulfillment capability, automation, data systems, and the ability to serve both e-commerce and broader enterprise supply chains. The cited material identifies Sahil Barua as a founder and chief executive and Kapil Bharati as a co-founder and chief technology officer, while also stating that both left the company on 30 March 2021; because those statements are internally inconsistent, current executive status requires verification.

History

Delhivery was established in May 2011 under the name SSN Logistics Ltd. Its original concept was a hyperlocal express-delivery service for offline businesses in Gurugram, with early deliveries including flowers and food. The founders recognized that India's online retail and e-commerce markets were expanding quickly and redirected the business toward the logistics needs of internet retailers. Sahil Barua and Mohit Tandon, who were working as consultants at Bain & Company, were particularly interested in the scale of the opportunity. In June 2011, Delhivery signed Urban Touch, an online fashion and beauty retailer, as its first e-commerce client. By August 2011, the company had largely abandoned its initial offline-retail focus and was operating as a logistics provider for multiple e-commerce businesses. The company subsequently built a broader logistics platform rather than remaining limited to parcel courier services. Its activities came to include express parcel movement, freight, warehousing, fulfillment, supply-chain operations, and technology systems for shipment management and visibility. This expansion reflected the needs of India's online merchants, which required integrated first-mile pickup, sorting, line-haul transportation, last-mile delivery, returns handling, and inventory services. Institutional financing supported Delhivery's network expansion. In March 2019, SoftBank invested approximately US$413 million, described in the reference material as the company's largest funding round at that point. In May 2021, a Fidelity-led round of approximately US$277 million reportedly brought the company's valuation close to US$3 billion. Delhivery also pursued acquisitions to broaden its capabilities. In August 2021, it bought Spoton Logistics, a business-to-business logistics provider, for approximately ₹1,600 crore. In December 2021, it acquired Transition Robotics, a California company focused on unmanned aircraft systems. Delhivery entered the public markets in 2022. Before its IPO, it raised approximately ₹2,347 crore from 64 anchor investors. Its May 2022 offering was reported at approximately ₹5,235 crore and a valuation of approximately ₹35,283 crore. The company subsequently listed on India's BSE and NSE exchanges. The offering represented a significant milestone for an Indian technology-enabled logistics company and provided a public-market structure for its continued network and platform development. The brand has also invested in public visibility. In 2024, it became one of the sponsors of Royal Challengers Bangalore in the Indian Premier League. This partnership connected the business-to-business logistics company with a mass consumer audience and reinforced its brand presence in India. The reference material identifies Sahil Barua as chief executive and Kapil Bharati as chief technology officer, while also stating that both founders left the company on 30 March 2021. Because the source presents these facts without resolving the apparent chronology, the current leadership structure should be checked against official company disclosures. The same caution applies to ownership percentages and current financial information, which are not included here without a directly verified source.

2024
Royal Challengers Bangalore sponsorship
[1]Delhiveryen.wikipedia.org
Delhivery became one of the sponsors of Royal Challengers Bangalore in the Indian Premier League.
2022
Initial public offering and stock-market listing
[1]Delhiveryen.wikipedia.org
Delhivery raised anchor funding, completed an IPO, and listed its shares on the BSE and NSE.
2021
Fidelity-led financing
[1]Delhiveryen.wikipedia.org
A further funding round led by Fidelity reportedly valued Delhivery at nearly US$3 billion.
2021
Spoton Logistics acquisition
[1]Delhiveryen.wikipedia.org
Delhivery acquired B2B logistics company Spoton Logistics for approximately ₹1,600 crore.
2021
Transition Robotics acquisition
[1]Delhiveryen.wikipedia.org
The company acquired California-based unmanned aircraft systems company Transition Robotics.
2019
SoftBank investment
[1]Delhiveryen.wikipedia.org
SoftBank invested approximately US$413 million in Delhivery.
2011
Company established as SSN Logistics
[1]Delhiveryen.wikipedia.org
Delhivery was founded in May as SSN Logistics Ltd with an initial focus on hyperlocal express deliveries in Gurugram.
2011
First e-commerce customer signed
[1]Delhiveryen.wikipedia.org
The company signed online fashion and beauty retailer Urban Touch in June, accelerating its shift toward e-commerce logistics.
2011
Business pivots to e-commerce logistics
[1]Delhiveryen.wikipedia.org
By August, Delhivery had moved from its original offline-store delivery concept to serving multiple e-commerce companies.

Products and positioning

A technology-enabled Indian logistics infrastructure provider serving e-commerce, retail, and enterprise supply chains through parcel delivery, freight, fulfillment, warehousing, and logistics software.

Express logistics
Express Parcel
Delhivery's parcel logistics activity supports first-mile pickup, sorting, line-haul movement, last-mile delivery, shipment tracking, and returns for e-commerce and enterprise customers. It developed from the company's original focus on online retail and remains central to its identity as a technology-enabled courier and delivery network.
Freight logistics
Freight and B2B Logistics
The company provides business-to-business transportation and freight services for customers requiring movement of larger or commercially significant shipments. The acquisition of Spoton Logistics in 2021 strengthened this part of the portfolio and broadened Delhivery beyond e-commerce parcel delivery.
Supply-chain services
Warehousing and Fulfillment
Delhivery offers warehousing, fulfillment, and related supply-chain services intended to connect inventory operations with transportation and delivery. These capabilities help merchants and enterprises coordinate storage, order processing, dispatch, and delivery through a more integrated logistics platform.
Logistics software and technology
Logistics Technology
Technology is embedded across Delhivery's network through shipment visibility, tracking, routing, sorting, fulfillment coordination, and operational data systems. Its acquisition of Transition Robotics also reflected an interest in emerging unmanned-aircraft technology relevant to future logistics applications.

Marketing campaigns

2024Royal Challengers Bangalore sponsorship
India
Delhivery became one of the sponsors of Royal Challengers Bangalore in the Indian Premier League, using a major Indian sports property to increase consumer awareness of its logistics brand.
Outcome. Expanded brand visibility beyond the company's enterprise and e-commerce customer base.
Source

Brand decisions

2022
Public-market listingOther
Background
After years of private fundraising and network expansion, Delhivery sought access to public capital markets.
Action taken
The company raised anchor funding and launched an initial public offering in May 2022, followed by listings on the BSE and NSE.
Aftermath
The IPO transformed Delhivery into a publicly traded Indian logistics company.
IPO size. ₹5,235 crore (May 2022)
Source
2021
Acquisition of Spoton LogisticsM&A
Background
Delhivery sought to expand its business-to-business logistics and freight capabilities.
Action taken
It acquired Spoton Logistics in August 2021.
Aftermath
The transaction broadened Delhivery's offering beyond e-commerce parcels into B2B logistics.
Reported acquisition consideration. ₹1,600 crore (August 2021)
Source
2021
Acquisition of Transition RoboticsM&A
Background
Delhivery pursued technology that could support future logistics and unmanned delivery applications.
Action taken
The company acquired California-based Transition Robotics in December 2021.
Aftermath
The acquisition extended Delhivery's technology interests into unmanned aircraft systems.
Source
2011
Pivot from hyperlocal delivery to e-commerce logisticsStrategy
Background
The company was initially conceived to deliver flowers, food, and other orders for offline stores in Gurugram, while India's online retail market was expanding rapidly.
Action taken
After signing Urban Touch as its first e-commerce customer, Delhivery shifted almost completely toward logistics services for e-commerce companies.
Aftermath
The pivot established the business model around technology-enabled parcel and supply-chain services rather than local deliveries alone.
Source

Recent events

Unconfirmed
Delhivery acquires Transition Robotics[2]Delhivery收购Transition Roboticsnews.webindia123.com
Delhivery said it acquired US-based Transition Robotics, a developer of unmanned aerial system platforms. The acquisition was described as strengthening Delhivery's capabilities in applications including aerial photography, remote sensing, inspection, and surveys.
2021.11.02
Reported2021.11.02
Delhivery files draft IPO prospectus[3]Delhivery提交IPO招股说明书草案businesstoday.in
Delhivery filed a draft red herring prospectus with SEBI for a proposed IPO seeking to raise Rs 7,460 crore.
Unconfirmed
Reported2021.10.14
Delhivery appoints directors and elevates board chairman[4]Delhivery任命董事并提升董事会主席economictimes.indiatimes.com
Delhivery appointed three independent directors to its board and elevated existing board member Deepak Kapoor to chairman.
2021.08.25
Reported2021.08.25
Delhivery acquires Spoton Logistics[5]Delhivery 收购 Spoton Logisticsbusinesstoday.in
Delhivery acquired Bengaluru-based Spoton Logistics for an undisclosed sum. The report said the acquisition would strengthen Delhivery’s existing B2B capabilities.
2021.07.16
Reported2021.07.16
FedEx Express and Delhivery announce India alliance[6]FedEx Express与Delhivery宣布在印度结盟freepressjournal.in
FedEx Express and Delhivery announced equity and commercial agreements to combine their capabilities in support of India's international trade. Under the arrangements, FedEx Express will focus on international services to and from India, while Delhivery will sell FedEx Express international services and provide pickup and delivery across India.
2021.07.16
Reported2021.07.16
FedEx announces $100 million investment in Delhivery[6]FedEx Express与Delhivery宣布在印度结盟freepressjournal.in
FedEx announced that it will make a $100 million equity investment in Delhivery as part of the companies' collaboration.
2021.04.25
Reported2021.04.25
Feeding India and Delhivery partner on oxygen supply effort[7]Feeding India与Delhivery合作支持氧气供应economictimes.indiatimes.com
Zomato's not-for-profit arm Feeding India partnered with logistics firm Delhivery to source oxygen concentrators and related supplies for hospitals and families in need during India's Covid-19 crisis.

Sources12 sources

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