24.09.21 – Haryana-based Delhivery, a logistics unicorn, announced that it raised USD 125 million in funds, by Addition, a venture Capital firm of Lee Fixel.
Addition is a prominent global fund to invest in logistics companies. Lee is a long term backer of Delhivery and has been investing and re-investing in the company since the year 2015.
What investors have to say – Lee Fixel, Founder of Addition, said, “Delhivery has established a market-leading position by innovating across the logistics space and has attracted several marquee investors. We are pleased to continue to support Delhivery and its new logistics SaaS, which is well-positioned to transform the global supply chain and logistics markets.”
What the CEO has to say – “We have a long-standing relationship with Lee and are delighted to welcome him to our cap table again. This investment reinforces the trust that institutional investors have placed in Delhivery and is a validation of the strength of our business.” Sahil Barua, CEO, Delhivery.
About Delhivery –
Delhivery is a third-party logistics service provider that was founded in Gurgaon in 2011 by Sahil Barua, Bhavesh Manglani, Kapil Bharati, Suraj Saharan, and Mohit Tandon.
Its platform connects consigners, agents, and truckers offering road transport solutions.
Delhivery has stated it has successfully fulfilled more than one billion shipments since its inception and today works with more than 17,000 customers, including large, and small eCommerce participants, SMEs, and other enterprises and brands.
The startup has a nationwide network extending beyond 19,000 pin codes and nearly 2,500 cities, Delhivery provides a full suite of logistics services, such as express parcel transportation, reverse logistics, LTL and FTL freight, B2B and B2C warehousing, cross-border, end-to-end supply chain services, and technology services.
In June 2021, the logistics unicorn had raised $275 million in its Series H round led by Boston-headquartered investment firm Fidelity Management and Research Company, among other leading public market funds.
Currently, Delhivery is using 21 technology products and services including HTML5, Google Analytics, and jQuery, according to G2 Stack. It is also actively using 110 technologies for its website, according to BuiltWith. These include Viewport Meta, IPhone / Mobile Compatible, and SPF.
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