# Delhivery

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/delhivery

- Industry: Logistics & Distribution
- Headquarters: Gurgaon, India
- Website: www.delhivery.com/
- Total disclosed funding: $890M
- Latest round: Series I (Sep 6, 2021)
- Investors on record: 12

## 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.

## Funding rounds

- Series I, Sep 6, 2021, $76M — Addition
- Series H, May 30, 2021, $277M — GIC, Fidelity Investments, Baillie Gifford, Chimera Capital
- Series F, Mar 6, 2019, $413M — Carlyle Group, Fosun International, SB Investment Advisers
- Series D, May 6, 2015, $84M — Nexus Venture Partners, Tiger Global Management, Multiples Alternate Asset Management, Times Internet Limited
- Series C, Sep 8, 2014, $35M — Nexus Venture Partners, Multiples Alternate Asset Management, Times Internet Limited
- Series B, Sep 30, 2013, $5M — Nexus Venture Partners

## Investors

- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Series B, Series C, Series D
- Multiples Alternate Asset Management (https://capitalatlas.ai/funds/multiples-alternate-asset-management) — Series C, Series D
- Times Internet Limited — Series C, Series D
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series D
- Carlyle Group (https://capitalatlas.ai/funds/carlyle-group) — Series F
- Fosun International (https://capitalatlas.ai/funds/fosun-international) — Series F
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series F
- GIC — Series H
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series H
- Baillie Gifford (https://capitalatlas.ai/funds/baillie-gifford) — Series H
- Chimera Capital (https://capitalatlas.ai/funds/chimera-capital) — Series H
- Addition (https://capitalatlas.ai/funds/addition) — Series I