Logistics startup Delhivery claims to cross 2M shipments; eyes Series B funding
Gurgaon-based logistics company SSN Logistics Pvt Ltd, which runs the web platform Delhivery.com, claims to have crossed 2 million shipments a couple of weeks ago. Founded in May 2011, Delhivery focuses on managing the entire supply chain for retailers.
The company was started by a bunch of engineers including Amit Prakash Ambasta, Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua and Suraj Saharan. It offers a full suite of services such as end-mile delivery, third-party and transit warehousing, reverse logistics, payment collection, vendor-to-warehouse and vendor-to-customer shipping and more.
Although positioned as a one-stop supply chain partner for e-tailers, co-founder Mohit Tandon insists that the company offers services to both online and offline retailers. "Right now, we have more than 90 customers on board and our services are not restricted to e-commerce," he said. Tandon looks after business development and investor relations at Delhivery.
The logistics startup is backed by Times Internet Ltd, which acquired a minority stake in the firm to boost last-mile delivery service for its e-commerce portal Indiatimes Shopping. Delhivery is now looking to raise Series B round for further expansion. Although Tandon did not specify the amount, he said that the company would be raising more than $5 million. It has presence in 39 cities as of now.
Delhivery faces stiff competition from many other players in the market including Chhotu.in, DTDC's DotZot, EcomExpress and more. In addition, there are e-commerce giants like Flipkart, Yebhi and Jabong who manage their own logistics. Interestingly, Jabong has also started providing logistics service to other retailers in the market. But according to Tandon, Delhivery's value proposition is different. "We are not just an end-mile delivery company. We are an all-round supply chain solutions provider," he said.
As long as e-commerce is peaking, logistics companies are bound to grow. But is there a significant market opportunity? Moreover, do they have a chance to get acquired by e-com biggies like Flipkart or Jabong?
Share your views with us.
(Edited by Sanghamitra Mandal)