Total amount raised
$1.6 Billion
Latest funding date
8/1/2024
Location
Delhivery has successfully raised significant funding over multiple rounds, establishing itself as a key player in the logistics sector. The company continues to attract substantial investments, reflecting confidence in its growth and potential.
Keep reading to explore the intricacies of Delhivery's fundraising journey and the investors backing this dynamic platform.
What Is Delhivery?
Delhivery is a prominent player in the logistics and supply chain industry, offering a range of services including express parcel delivery, freight, courier services, shipping, eCommerce, and cross-border logistics.
While specific details such as the founding year, location, founder names, and employee count are not available, Delhivery's extensive service offerings highlight its significant role in the logistics sector.
How Much Funding Has Delhivery Raised?
- Series E
- Amount Raised: $30,000,000
- Date: May 2017
- Lead Investors: Fosun International
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its logistics network and enhance service capabilities.
- Series F
- Amount Raised: $413,000,000
- Date: March 2019
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To achieve unicorn status and support expansion and operational capabilities.
- Secondary Market
- Amount Raised: $150,000,000
- Date: June 2019
- Lead Investors: CPP Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial position and prepare for future growth.
- Secondary Market
- Amount Raised: $115,000,000
- Date: September 2019
- Lead Investors: CPP Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expansion and market consolidation.
- Secondary Market
- Amount Raised: $25,000,000
- Date: December 2020
- Lead Investors: Steadview Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To prepare for an upcoming IPO within 12-15 months.
- Series H
- Amount Raised: $277,000,000
- Date: May 2021
- Lead Investors: Fidelity
- Valuation at Round: $3 billion
- Motivation Behind the Round: To bolster financial position and prepare for future growth and IPO.
- Corporate Round
- Amount Raised: $100,000,000
- Date: July 2021
- Lead Investors: FedEx
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To form a strategic partnership for handling international products and services in India.
- Series I
- Amount Raised: $76,400,000
- Date: September 2021
- Lead Investors: Addition
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster financial position ahead of the planned IPO.
- Post-IPO Secondary
- Amount Raised: INR 9,542,400,000
- Date: March 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support post-IPO growth and expansion initiatives.
- Post-IPO Secondary
- Amount Raised: INR 3,440,000,000
- Date: August 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue supporting growth and operational expansion post-IPO.
Delhivery has raised a total of $1,186,400,000. The current valuation is $3 billion.
Key Investors
- Lee Fixel’s Addition
- Details: Addition is a venture capital firm founded by Lee Fixel, a prominent investor known for his early investments in Indian startups. Fixel previously worked with Tiger Global, where he made significant investments in companies like Flipkart and Ola.
- Investment Focus Areas: High-growth startups, technology, consumer internet.
- Notable Investments: Flipkart, Ola, Inshorts.
- FedEx
- Details: FedEx is a global logistics and delivery services company headquartered in the United States. It is known for its extensive network and reliable delivery services worldwide.
- Investment Focus Areas: Logistics, transportation, supply chain management.
- Notable Investments: Primarily focused on expanding its logistics network and services.
- Fidelity Management and Research Company
- Details: Fidelity is a Boston-based investment firm that manages a wide range of public and private equity investments. It is one of the largest asset managers in the world.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Various investments across different sectors, including technology and logistics.
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a technology-focused investment fund managed by SoftBank Group. It is known for making large-scale investments in innovative technology companies.
- Investment Focus Areas: Technology, telecommunications, internet services.
- Notable Investments: Uber, WeWork, Alibaba.
- CPP Investments
- Details: Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds of the Canada Pension Plan. It is one of the largest pension funds in the world.
- Investment Focus Areas: Real estate, infrastructure, private equity.
- Notable Investments: Ant Financial, various infrastructure projects.
What's Next for Delhivery?
Delhivery stands at the cusp of significant growth opportunities, driven by its recent funding rounds and strategic partnerships. The company is poised to expand its logistics services, leveraging the $125 million investment from Lee Fixel’s Addition and the $100 million from FedEx. These funds will enable Delhivery to enhance its international export and import services, a sector with immense potential given the growing demand for global logistics solutions.
As Delhivery prepares for its IPO, the company is likely to attract further investments, potentially raising about $1 billion. This influx of capital will support its expansion plans and technological advancements, positioning Delhivery as a leader in the logistics industry. However, the path ahead is not without challenges. The company must navigate intense competition from other logistics firms and manage the complexities of scaling operations while maintaining service quality.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Delhivery and gather other critical business insights. Sign up for free to enhance your sales strategies and stay ahead in the competitive market.
