Logistics firm Delhivery raises $277M, now valued at $3B
New Delhi
31-May-2021

Photo: IANS
Ahead of its initial public offering (IPO) this year, supply chain services provider Delhivery has reportedly raised $277 million in its latest round of funding, taking its market valuation to nearly $3 billion.
According to a TechCrunch report, Delhivery disclosed the finding in its latest regulatory filing that has been led by US-headquartered investment firm Fidelity.
Other investors reportedly are "Singapore's sovereign wealth fund GIC, Abu Dhabi's Chimera and UK's Baillie Gifford".
When contacted, Delhivery refused to comment on the funding at the moment.
Delhivery, a leading fulfillment platform for digital commerce, has raised about $1.23 billion to date.
Earlier this year, Delhivery announced to expand its footprint by opening two new tech offices in Bengaluru and Ahmedabad, that will take its workforce strength to more than 500 employees in the country.
It currently has more than 350 employees and centres in Gurgaon, Goa, and Hyderabad (in India), and Seattle in the US.
Watch This TWL Video
"The current expansion ensures we stay ahead of the curve with tech and data science being the core business differentiators," said Kapil Bharati, Co-founder and CTO, Delhivery.
Delhivery currently provides supply chain services at over 17,500 pin codes across 2,300 cities.
It has fulfilled over 850 million transactions since inception and works with over 10,000 direct customers, which includes large and small e-commerce participants, SMEs, and leading enterprises and brands. -IANS
More Headlines
Texas Floods Kill 109, Over 160 Missing as Guadalupe River Search Continues
Gopal Khemka Murder: Accused Vikas Kumar Killed in Police Encounter in Patna
Shiv Sena-UBT Hits Back At BJP Amid Attacks On Hindi-Speaking Individuals
Shiv Sena (UBT) Hits Back at CM Fadnavis Over ‘Rudaali’ Remark on Uddhav’s Rally Speech
Chennai Beats Delhi and Mumbai in Paying Freshers—Here’s How Much They Earn!
Texas Floods Kill 109, Over 160 Missing as Guadalupe River Search Continues
Gopal Khemka Murder: Accused Vikas Kumar Killed in Police Encounter in Patna
Shiv Sena-UBT Hits Back At BJP Amid Attacks On Hindi-Speaking Individuals
Shiv Sena (UBT) Hits Back at CM Fadnavis Over ‘Rudaali’ Remark on Uddhav’s Rally Speech
Chennai Beats Delhi and Mumbai in Paying Freshers—Here’s How Much They Earn!