Delhivery is a logistics and supply chain company set up by Sahil Barua and Kapil Bharati. The 2011 founded company offers express delivery, full and part truck load freight, supply chain and cross border logistics services. Since its set up, the company has a presence pan Indian in over 18,000 pin codes, fulfilling around 1.4 billion orders in the country. It has over 90 gateways and close to 3000 direct delivery centers.
In FY23, the logistics company recorded a revenue of Rs 7530.90 crore with expenses close to Rs 8596 crore. With a valuation of Rs 30813 crore, it saw a loss of Rs 1007 crore the same financial year. According to data intelligence platform TheKredible, the company spent more than 50% on operating revenue, mimicking the revenue breakdown of its previous years.
Delhivery recorded a revenue of over Rs 7000 crore in FY22. The same fiscal year, it witnessed Rs 8064 crore worth expenses and a loss close to Rs 1000 crore.
The Gurgaon-based company has raised Rs 11433.26 crore over 13 funding rounds since its inception. Its latest round, Series J, was held in May 2022 raising Rs 2345.60 crore from Bay Capital and Steadview Capital among others. It previously raised close to Rs 3600 crore in FY22. The round was led by Addition and FedEx and saw participation from Fidelity Investments, GIC, Multiples Alternate Asset Management and others.
Among its investors Softbank holds over 14% of the company shares and CPPIB holds around 6%. While FedEx has 2.8%, founder Barua has 1.7% of Delhivery shares.
As of FY23, the company registered a negative EBITDA and ROCE of 1.9% and 9.8% respectively. It had an assets turnover ratio of over 74%. FY22 saw its EBITDA and ROCE standing at over -4% and over -13%.
Since its founding year, Delhivery has participated in 6 investments and made 4 acquisitions. Delhivery has invested in companies like Parcelled.in, Rocketbox, and Qikpod with its latest investment being made in Falcon Autotech in 2022. All amounts invested have been undisclosed. With 3 acquisition deals in 2021 and one in 2013, Delhivery has taken control over Primaseller and Spoton Logistics among others.
Delhivery is up against local competitors like Gurgaon-based Rivigo and Ecom Express and Bengaluru-based Shadowfax and Porter.