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In August 2021, Delhivery acquired Spoton Logistics.
Delhivery is an Indian delivery and e-commerce logistics company. It was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati The company is backed by the Carlyle Group, Tiger Global, Fosun International, SoftBank Vision Fund, Nexus Venture Partners, Multiples,] and CPP Investment Board as investors.
The Gurugram-based company has approximately 85 packing warehouses, 24 automated sort centres, 75 hubs, 3000+ delivery centres, 7,500+ partner centers, 15,000 vehicles, and 50,000 employees. At present, Delhivery has the capacity to process more than 15 lakh (1.5 million) parcels per day
Delhivery was established in May 2011. It was initially conceptualised as a hyper local express delivery service provider for offline stores, delivering flowers and food locally in the city of Gurugram for the first few months since its inception. During that time, the online retailing and e-commerce segment was expanding rapidly in India, with global investors showing significant interest in the industry.
Founders Barua and Tandon, who were at the time working as consultants with the management consulting firm, Bain & Company, were intrigued by the size and potential of the industry, and decided to focus on the segment. In June 2011, Delhivery signed its first e-commerce client, Urban Touch, which is an online fashion and beauty retailer. By August 2011, Delhivery had switched completely to offering logistics services to a number of e-commerce companies.
In March 2019, Delhivery raised its biggest round of funding with a $413 million investment from SoftBank. In May 2021, Delhivery revealed it has further raised $277 million in a funding round led by Fidelity, taking its market valuation to nearly $3 billion.
Founder Sahil Barua is the CEO of Delhivery. Sandeep Barasia, Managing Director has been appointed as the Chief Business Officer in December 2018. He is in charge of the P&L across the parcel, warehousing, and freight divisions. At the same time, Ajith Pai, who was the CFO, took over the role of COO where he is in charge of the operations, engineering, HR, and finance of the company. Meanwhile, IIT-Kanpur alumnus Amit Agarwal, who was earlier the vice president-finance at Delhivery, took over the role of CFO. The company witnessed the exit of two founders on 30 March 2021
Balance Sheet
Operating Revenue
Over INR 500 cr
EBITDA
91.04 %
Networth
-7.58 %
Debt/Equity Ratio
0.06
Return on Equity
-8.99 %
Total Assets
15.03 %
Fixed Assets
295.95 %
Current Assets
14.87 %
Current Liabilities
118.14 %
Trade Receivables
184.48 %
Trade Payables
39.18 %
Current Ratio
3.99
A positive EBITDA means that the company is profitable at an operating level: it sells its products higher than they cost to make.
Your net worth is the amount by which your assets exceed your liabilities. In simple terms, net worth is the difference between what you own and what you owe. Conversely, if your liabilities are greater than your assets, you have a negative net worth.
Current ratio is equal to total current assets divided by total current liabilities. A ratio greater than 1 means that the company has sufficient current assets to pay off short-term liabilities. A high ratio implies that the company has a thick liquidity cushion.
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