Logistics Firm Delhivery Secures $277 mn in New Funding Round
Logistics Firm Delhivery Secures $277 mn in New Funding Round

Delhivery has secured $277 million in a funding round led by investment firm Fidelity. The round has also seen participation from Singapore’s sovereign wealth fund GIC, Abu Dhabi’s Chimera, and UK’s Baillie Gifford. The new round valued the e-commerce logistics startup at about $3 billion.

The other investors in the Delhivery include SoftBank Vision Fund, Tiger Global Management, Times Internet, The Carlyle Group, and Steadview Capital.

The Gurugram-headquartered firm will likely open its IPO in 2022.

Presently, Delhivery operates a full suite of logistics services in more than 2,300 Indian cities and over 17,500 zip codes. Started in 2011, the company has to date fulfilled over one billion orders to more than 300 million households across India.

Delhivery’s nationwide infrastructure include 24 automated sort centers, 85+ fulfilment centers, 75+ hubs, 3000+ direct delivery centers, 7500+ partner centers, 15,000+ vehicles and 40,000+ team members.

Earlier in 2021, Delhivery announced to expand its footprint by opening two new tech offices in Bengaluru and Ahmedabad, which will take its workforce strength to more than 500 employees in the country.

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