Logistics platform Delhivery Raises $277 mn in Funding; Valuation Stands at $3 Billion

Supply Chain logistics provider Delhivery has raised $277 mn in the latest round of funding led by US-headquartered Fidelity. This takes the total valuation of the company to $3 billion. 


Singapore's sovereign wealth fund GIC, Abu Dhabi's Chimera, and UK's Baillie Gifford also participated in the company’s latest round of funding, ahead of their IPO (Initial Public Offering) this year. 


Earlier this year, Delhivery announced to expand its footprint by opening two new tech offices in Bengaluru and Ahmedabad, which will take its workforce strength to more than 500 employees in the country.


It currently has more than 350 employees and centers in Gurgaon, Goa, and Hyderabad (in India), and Seattle in the US.

Delhivery currently claims to provides supply chain services at over 17,500 pin codes across 2,300 cities. The company was founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati. Out of which Mohit and Bhavesh are reportedly seeking an exit post the IPO. 

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