Delhivery

Gurugram, India Founded: 2011 • Age: 15 yrs Listed Fortune India 500 · #282
Integrated logistics services including parcel delivery and warehousing are provided.
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About Delhivery

Delhivery is a publicly listed company based in Gurugram (India) founded in 2011 by Kapil Bharati, Bhavesh Manglani, Mohit Tandon, and Suraj Saharan. Integrated logistics services including parcel delivery and warehousing are provided. It operates in the Transportation, Automotive & Logistics and Retail sectors. Delhivery has raised $1.56 billion across 18 funding rounds from investors including Fidelity Investments, SoftBank and FedEx. The company has 23,536 employees. Delhivery has completed 6 acquisitions, including Algorhythm Tech, Ecom Express and Gharpay. Delhivery was last valued at $3.41 billion in December 2021. Its chief executive, as recorded, is Sahil Barua. Its website delhivery.com draws about 24.1 million monthly visits. Its Indian entity Delhivery Limited reported revenue of ₹10,874 Cr. Its focus areas include Consumer, Logistics Tech, Ecommerce Logistics and End to End Delivery Services. Its competitors include XpressBees, Shadowfax and Ripplr; 3 of its 3 listed competitors have raised funding.

Company details

The company was founded in 2011 in Gurugram, India, within the logistics sector. Parcel delivery, warehousing, cross-border shipping, and fulfillment services are offered to businesses and individuals across industries. As a 3PL provider, comprehensive solutions for logistics management are enabled, including shipment tracking and delivery operations. Additional offerings encompass last-mile delivery, reverse logistics, payment collection, and vendor shipping.

Delhivery is ranked #282 on the Fortune India 500 (2025).

Recognitions & Rankings of Delhivery

Fortune India 500 2025 edition
Rank#282
Total income
₹9,379 Cr
Profit
₹162 Cr
Last year #277
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#216
Valuation
₹27,430 Cr
2023 #147 2022 #163 2021 #171
  • Headquarters Gurugram, India
  • Employees 23,536
  • Founders Kapil Bharati, Bhavesh Manglani, Mohit Tandon, Suraj Saharan
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
    Retail
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website delhivery.com
  • Social LinkedIn X Facebook
  • Legal Name Delhivery Limited
Operational Areas
Transportation, Automotive & Logistics → Logistics Technology & Platforms
Retail → E-Commerce Enablers & Infrastructure
Key Metrics
  • Market Cap
    ₹31,330 Cr

    DELHIVERY · NSE

  • Share Price
    ₹430.05

    +2.88% today

  • Revenue
    ₹10,508 Cr

    FY 2025-26 · +17.7% YoY

  • EBITDA
    ₹614 Cr

    Margin 5.8%

  • Net Profit
    −₹20.41 Cr

    FY 2025-26 · -114.5% YoY

  • P/E (TTM)
    146.8x

    P/B 3.2x

  • ROE
    -0.1%

    ROCE 0.6%

  • Debt / Equity
    0.15

    Interest cover -177.3x

  • Total Equity Funding
    $1.56B (USD)

    in 18 rounds

  • Latest Funding Round
    $98.84M (USD), Series I

    Dec 2021

  • Investors
    Fidelity Investments

    & 31 more

  • Employee Count
    23,536
  • Investments & Acquisitions
    Algorhythm Tech

    & 5 more

Funding Insights of Delhivery

Delhivery has successfully raised a total of $1.56B across 18 strategic funding rounds. The most recent funding activity was a Series I round of $98.84 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $1.56B
  • Total Rounds 18
  • Last Round Series I — $98.84M
  • First Round $16,789

    (Jan 2012)

  • Investors Count 23

Latest 10 of 18 funding rounds of Delhivery with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Dec 2021$98.84MSeries H$3.41BFedEx
–
Dec 2021$98.84MSeries I––
FedEx
Sep 2021$76.4MSeries H$3.31BAddition
Lee Fixel
Sep 2021$76.4MSeries I––
Addition
May 2021$277.4MSeries H$•••••Fidelity Investments, GIC
Multiples Alternate Asset Management, Tiger Global Management
Sep 2019$115MSeries F–CPP Investments
–
Mar 2019$17.89MSeries F––
Fosun
Mar 2019$413MSeries F$•••••SoftBank Vision Fund, SoftBank
The Carlyle Group, Fosun RZ Capital
May 2017$30MSeries E$•••••Fosun RZ Capital, Fosun
–
Mar 2017$106.36MSeries E–The Carlyle Group
Tiger Global Management
Valuation history
DateValuationStage
Dec 2021$3.41B••••••••
Sep 2021$3.31B••••••••
May 2021$•••••••••••••
Mar 2019$•••••••••••••
May 2017$•••••••••••••
Oct 2016$•••••••••••••
May 2015$•••••••••••••
Sep 2014$•••••••••••••
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Full valuation and stage history of Delhivery

Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.

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Last known valuation $3.41B (Dec 2021). 32 investors in total: 26 institutional and 6 angel.

Investors in Delhivery

Delhivery has secured backing from 32 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Fidelity Investments, SoftBank and FedEx.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Addition
Investments are made in early and growth-stage technology startups.
addition.comNew York, United States
Multiples Alternate Asset Management
Investment partnerships, entrepreneur support, and profit-focused services in finance.
2009multiplesequity.comMumbai, India
Tiger Global
Venture and private equity investments are managed with global diversification.
tigerglobal.comNew York, United States
Nexus Venture Partners
Venture capital firm that partners with entrepreneurs for product-first companies.
2006nexusvp.comMenlo Park, United States
GIC
Sovereign wealth is managed and private equity investments are facilitated.
gic.com.sgSingapore, Singapore
Chimera Investment
A private investment firm focused on regional opportunities.
chimerainvestment.comAbu Dhabi, United Arab Emirates
The Carlyle Group
Private equity investments are directed toward multiple sectors.
1986carlyle.comWashington, Dc, United States
SoftBank Vision Fund
Venture capital investments in technology and startups.
2016visionfund.comLondon, United Kingdom
FRZ Capital
Early-stage tech companies are invested in by Fosun RZ Capital.
frzcapital.comBeijing, China
Brand Capital
Investments in early-stage startups are made by Brand Capital.
brandcapital.co.inMumbai, India
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Investor details for Delhivery

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Board of directors of Delhivery Limited (Delhivery)

Delhivery Limited is the primary company behind Delhivery. The boards of the 5 registered companies of Delhivery currently have 14 directors; the longest-serving is Sahil Barua, appointed in 2011. 49 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Sahil Barua
DIN 05131571
Managing Director19 Dec 201114 yrs 10 moDelhivery Limited
Ajith Pai Mangalore
DIN 07168138
Director21 Apr 20206 yrs 6 moDelhivery Freight Services Private Limited, Delhivery Cross Border Services Private Limited, Orion Supply Chain Private Limited
Kapil Bharati
DIN 02227607
Whole-time director19 Aug 20215 yrs 2 moDelhivery Limited
Nikhil Vij
DIN 06661484
Director12 Oct 20215 yrsDelhivery Freight Services Private Limited, Delhivery Cross Border Services Private Limited, Orion Supply Chain Private Limited
Kavya Shetty
DIN 10694308
Director03 Jul 20242 yrs 4 moDelhivery Robotics India Private Limited
Suhani Singh
DIN 10694309
Director03 Jul 20242 yrs 4 moDelhivery Robotics India Private Limited
Sameer Ashok Mehta
DIN 02945481
Director07 Feb 20251 yr 8 moDelhivery Limited
Namita Vikas Thapar
DIN 05318899
Director17 Feb 20251 yr 8 moDelhivery Limited
Suraj Saharan
DIN 03431848
Whole-time director16 May 20251 yr 5 moDelhivery Limited
Padmini Srinivasan
DIN 09813415
Director01 Aug 20251 yr 3 moDelhivery Limited
Yashish Dahiya
DIN 00706336
Director01 Aug 20251 yr 3 moDelhivery Limited
Vivek Pabari
DIN 08658846
Additional Director23 Dec 202510 moDelhivery Freight Services Private Limited, Delhivery Cross Border Services Private Limited, Orion Supply Chain Private Limited, Delhivery Robotics India Private Limited
Neelam Dhawan
DIN 00871445
Director20 Mar 20267 moDelhivery Limited
Kabir Ahmed Shakir
DIN 03584898
Director16 May 20265 moDelhivery Limited

People of Delhivery

406 people are tracked at Delhivery (125 in leadership, 281 in team); the tracked headcount is 23,536.

NameRoleGroup
Sahil Barua
CEOLeadership
Kapil Bharati
Co-FounderLeadership
Bhavesh Manglani
Co-FounderLeadership
Mohit Tandon
Co-FounderLeadership
Suraj Saharan
Co-FounderLeadership
Sandeep Barasia
Managing Director & Chief Business OfficerLeadership
Mohammed Ali
Leadership
Nikhil Vij
Head of ProductLeadership
Rishabh Saini
Director, Supply Chain EngineeringLeadership
Shankha Chaudhuri
Sr. Manager - Ceo's OfficeLeadership
Suresh Kumili
Head - Retail & Franchise BusinessLeadership
Sameep Dixit
Vice PresidentLeadership
Ashish Chaddha
DirectorLeadership
Dixit Kaushal
Director Of Business DevelopmentLeadership
Khalid Mustafa
Director Of OperationsLeadership
Mithun Kumar Juritigi Pmp®Csm®
Director Supply Chain LogisticsLeadership
Vikash Kapoor
Head of Global OperationsLeadership
Kamal Kishore
Director Regulatory Supply ChainLeadership
Ajith Pai
COOLeadership
Hemant Sharma
Sr. Director - IT OpetationsLeadership

386 more people are available in the full profile.

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IPO & Listings of Delhivery

Delhivery is a publicly listed company on the NSE with ticker symbol DELHIVERY in India, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date24 May 2022
  • Listed onNSE: DELHIVERY · BSE: 543529
  • Listed entityDelhivery Limited
  • Exchange sectorTransportation
  • ISININE148O01028
  • Share price₹409.15 (-1.74% on the day) · 2026-10-14
  • Market capitalisation₹31,156 Cr
  • Price to earnings336.5
  • EPS (diluted, trailing year)₹1.22
  • Volume (last session)2,038,522

Financials of Delhivery

Exchange-reported figures of Delhivery Limited, the listed company behind Delhivery (NSE: DELHIVERY).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹10,508 Cr
+17.6% YoY
EBITDA
₹614 Cr
+65.7% YoY
Profit After Tax
−₹20.41 Cr
-114.5% YoY
Net Worth
₹9,687 Cr
+2.7% YoY
Total Assets
₹11,170 Cr
+2.2% YoY
Total Debt
₹1,463 Cr
+2.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue10,5088,9328,1427,2256,8823,6472,781
Revenue growth+17.7%+9.7%+12.7%+5.0%+88.7%+31.1%-
EBITDA614371104(452)(475)(164)(172)
EBITDA margin+5.8%+4.2%+1.3%-6.3%-6.9%-4.5%-6.2%
Profit before tax140157(244)(1,053)(1,029)(416)(269)
Net profit(20.41)141(269)(1,022)(1,030)(385)(308)
Net profit margin-0.2%+1.6%-3.3%-14.1%-15.0%-10.6%-11.1%
EPS (₹)2.042.17(3.38)(13.83)(15.74)(2,545.88)(2,758.22)
Balance sheet
Total assets11,17010,92910,37910,1527,0973,9763,942
Net worth9,6879,4329,1459,1775,9572,8553,170
Total debt1,4631,4221,1699231,1021,098755
Cash & bank244336403645229277409
Net working capital1,6592,2693,1114,4511,4081,5011,347
Cash flow
Cash from operations911567472(29.70)(241)4.77(634)
Cash from investing(474)(102)(98.78)(3,408)(2,742)338(933)
Cash from financing(532)(432)(366)3,5382,902(147)(16.69)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,9312,8502,8052,5592,2942,1922,3782,190
Revenue growth (YoY)+27.8%+30.0%+17.9%+16.9%+5.6%---
Other income11470.3979.0395.5813012998.67120
EBITDA13921418168.1714111910050.82
EBITDA margin+4.7%+7.5%+6.5%+2.7%+6.2%+5.4%+4.2%+2.3%
Depreciation189183187178147142142131
Interest33.7934.0537.1938.8634.0133.7133.3230.54
Profit before tax30.2467.2936.68(53.22)89.6771.7223.818.61
Tax(1.66)(5.11)(2.91)(2.73)(1.37)(0.83)(1.18)(1.58)
Net profit31.9072.4039.59(50.49)91.0472.5524.9910.19
EPS (₹)0.420.950.53(0.68)1.200.960.330.13
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue9,8478,3257,4546,6595,9113,5002,777
Revenue growth+18.3%+11.7%+12.0%+12.7%+68.9%+26.0%-
EBITDA767309104(400)(461)(114)(190)
EBITDA margin+7.8%+3.7%+1.4%-6.0%-7.8%-3.3%-6.8%
Profit before tax31892.22(168)(812)(864)(356)(284)
Net profit155158(137)(815)(881)(301)(303)
Net profit margin+1.6%+1.9%-1.8%-12.2%-14.9%-8.6%-10.9%
EPS (₹)4.351.31(2.28)(11.15)(13.45)(2,181.84)(2,929.18)
Balance sheet
Total assets11,47511,13210,84410,5337,2424,0363,933
Net worth10,0619,6379,6209,5706,1572,9163,162
Total debt1,3961,4221,1659181,0551,098755
Cash & bank179258362602178254395
Net working capital1,4612,1433,0164,3361,5171,5331,340
Cash flow
Cash from operations1,031574521(40.30)(441)13.46(643)
Cash from investing(679)(156)(147)(3,428)(2,895)286(934)
Cash from financing(431)(432)(364)3,5573,247(112)(16.68)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,7302,6722,6332,3822,1282,0402,2042,020
Revenue growth (YoY)+28.3%+30.9%+19.5%+17.9%+6.1%---
Other income11651.8074.7396.39133112104124
Total expenses2,5552,4332,4242,2281,9691,9962,0991,968
EBITDA17523820915415944.4010552.08
EBITDA margin+6.4%+8.9%+7.9%+6.5%+7.5%+2.2%+4.8%+2.6%
Depreciation181181177155144145138127
Interest32.2032.6234.5034.5833.8733.5733.1930.40
Profit before tax78.2076.2772.8161.23114(21.67)38.0119.08
Tax0.00(3.52)(1.38)0.000.00(1.36)0.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 05 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,9312,8502,8052,5592,2942,1922,3782,190
Revenue growth (YoY)+27.8%+30.0%+17.9%+16.9%+5.6%---
Other income11470.3979.0395.5813012998.67120
EBITDA13921418168.1714111910050.82
EBITDA margin+4.7%+7.5%+6.5%+2.7%+6.2%+5.4%+4.2%+2.3%
Depreciation189183187178147142142131
Interest33.7934.0537.1938.8634.0133.7133.3230.54
Profit before tax30.2467.2936.68(53.22)89.6771.7223.818.61
Tax(1.66)(5.11)(2.91)(2.73)(1.37)(0.83)(1.18)(1.58)
Net profit31.9072.4039.59(50.49)91.0472.5524.9910.19
EPS (₹)0.420.950.53(0.68)1.200.960.330.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue10,5088,9328,1427,2256,8823,6472,781
Revenue growth+17.7%+9.7%+12.7%+5.0%+88.7%+31.1%-
Other income366447461319156192208
Total expenses9,8948,5618,0377,6777,3573,8112,953
Employee cost1,5231,3081,3701,3411,272583464
EBITDA614371104(452)(475)(164)(172)
EBITDA margin+5.8%+4.2%+1.3%-6.3%-6.9%-4.5%-6.2%
Depreciation695535722831611355256
Interest14412688.5288.8399.5388.6349.22
Profit before tax140157(244)(1,053)(1,029)(416)(269)
Tax(12.12)(4.97)4.74(45.28)(18.33)0.000.12
Net profit(20.41)141(269)(1,022)(1,030)(385)(308)
Net profit margin-0.2%+1.6%-3.3%-14.1%-15.0%-10.6%-11.1%
EPS (₹)2.042.17(3.38)(13.83)(15.74)(2,545.88)(2,758.22)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital74.8674.5673.6872.8764.2155.5140.15
Reserves & surplus9,6129,3589,0719,1045,8932,8003,130
Shareholders' funds (net worth)9,6879,4329,1459,1775,9572,8553,170
Minority interest0.000.000.000.000.000.000.00
Secured loans2.5439.67125199330283216
Unsecured loans1,4601,3821,044725771816538
Total debt1,4631,4221,1699231,1021,098755
Total liabilities11,17010,92910,37910,1527,0973,9763,942
Assets
Gross block7,6355,8295,0714,3473,8911,5511,092
Net block5,4323,8873,3542,9953,0521,053744
Capital work in progress0.9732.9028.5923.4759.9176.7631.53
Investments2,9613,5782,7762,0942,0911,1281,188
Inventories23.6416.4816.4319.3625.3125.9517.83
Sundry debtors1,3711,4121,4301,524990595601
Cash & bank balances244336403645229277409
Loans & advances1,6001,6312,3233,2931,2541,225734
Total current assets3,2393,3964,1725,4812,4992,1231,762
Total current liabilities1,5801,1271,0611,0301,091622416
Net working capital1,6592,2693,1114,4511,4081,5011,347
Total assets11,17010,92910,37910,1527,0973,9763,942
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash33630329519527679.501,663
Net cash from operating activities911567472(29.70)(241)4.77(634)
Net cash from investing activities(474)(102)(98.78)(3,408)(2,742)338(933)
Net cash from financing activities(532)(432)(366)3,5382,902(147)(16.69)
Net change in cash(94.03)32.987.54100(80.87)196(1,583)
Closing cash244336403645229277409
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+17.7%+9.7%+12.7%+5.0%+88.7%+31.1%-
EBITDA growth+65.7%+255.6%+123.1%+5.0%-189.3%+4.5%-
PBT growth-10.6%+9998.0%+76.8%-2.3%-147.6%-54.7%+84.9%
Net income growth-114.5%+152.3%+73.6%+0.8%-167.7%-25.1%-
Revenue CAGR (3Y)+13.3%+9.1%+30.7%+37.5%+60.9%--
EBITDA CAGR (3Y)---+38.0%-33.5%--
Profitability & leverage
Net income margin+1.5%+1.8%-3.1%-14.0%-14.7%-11.4%-9.7%
Return on capital employed+0.6%+1.9%0.0%0.0%0.0%0.0%0.0%
Return on net worth-0.1%+1.1%0.0%0.0%0.0%0.0%0.0%
Debt / equity0.150.140.110.130.250.310.18
Long-term debt / equity0.120.110.080.090.170.210.12
Interest cover-177.26-76.59-14.34-6.92-9.17-17.08-11.51
Efficiency & per share
Fixed asset turnover1.561.641.731.752.532.763.09
Inventory turnover523.84542.81454.96323.50268.52166.58137.45
Debtors turnover7.556.295.515.758.696.106.82
EPS (₹)2.042.17(3.38)(13.83)(15.74)(2,545.88)(2,758.22)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)129.40126.51124.11125.9492.7817,154.9232,115.22
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,7302,6722,6332,3822,1282,0402,2042,020
Revenue growth (YoY)+28.3%+30.9%+19.5%+17.9%+6.1%---
Other income11651.8074.7396.39133112104124
Total expenses2,5552,4332,4242,2281,9691,9962,0991,968
EBITDA17523820915415944.4010552.08
EBITDA margin+6.4%+8.9%+7.9%+6.5%+7.5%+2.2%+4.8%+2.6%
Depreciation181181177155144145138127
Interest32.2032.6234.5034.5833.8733.5733.1930.40
Profit before tax78.2076.2772.8161.23114(21.67)38.0119.08
Tax0.00(3.52)(1.38)0.000.00(1.36)0.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue9,8478,3257,4546,6595,9113,5002,777
Revenue growth+18.3%+11.7%+12.0%+12.7%+68.9%+26.0%-
Other income355452475331170199209
Total expenses9,0818,0167,3507,0596,3723,6142,967
Employee cost1,4961,3271,3091,2171,177555486
EBITDA767309104(400)(461)(114)(190)
EBITDA margin+7.8%+3.7%+1.4%-6.0%-7.8%-3.3%-6.8%
Depreciation668543659657478353254
Interest13612587.7486.3593.8988.5549.19
Profit before tax31892.22(168)(812)(864)(356)(284)
Tax(7.66)(5.43)0.000.000.000.000.00
Net profit155158(137)(815)(881)(301)(303)
Net profit margin+1.6%+1.9%-1.8%-12.2%-14.9%-8.6%-10.9%
EPS (₹)4.351.31(2.28)(11.15)(13.45)(2,181.84)(2,929.18)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital74.8674.5673.6872.8764.2155.5240.14
Reserves & surplus9,9869,5629,5469,4976,0932,8603,122
Shareholders' funds (net worth)10,0619,6379,6209,5706,1572,9163,162
Secured loans2.5439.6712519931828399.81
Unsecured loans1,3931,3821,039719737816655
Total debt1,3961,4221,1659181,0551,098755
Total liabilities11,47511,13210,84410,5337,2424,0363,933
Assets
Gross block6,4515,8743,3712,6372,1631,5411,083
Net block4,2503,9221,9651,5361,4371,049740
Capital work in progress1.8232.9028.6023.4859.9276.7726.72
Investments4,5463,8124,6153,9453,7061,1631,197
Inventories23.6416.4816.4219.3425.3125.8817.83
Sundry debtors1,2451,2901,2881,402775573602
Cash & bank balances179258362602178254395
Loans & advances1,5991,6862,3483,3051,4261,265737
Total current assets3,0463,2514,0165,3292,4052,1181,752
Total current liabilities1,5861,107999993888586411
Net working capital1,4612,1433,0164,3361,5171,5331,340
Total assets11,47511,13210,84410,5337,2424,0363,933
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash25827225216425365.571,660
Net cash from operating activities1,031574521(40.30)(441)13.46(643)
Net cash from investing activities(679)(156)(147)(3,428)(2,895)286(934)
Net cash from financing activities(431)(432)(364)3,5573,247(112)(16.68)
Net change in cash(79.35)(13.90)10.5587.86(89.05)187(1,594)
Closing cash179258362602178254395
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+18.3%+11.7%+12.0%+12.7%+68.9%+26.0%-
EBITDA growth+148.0%+198.2%+125.9%+13.3%-304.6%+39.8%-
PBT growth+244.6%+9998.0%+79.3%+5.9%-142.4%-25.4%+84.1%
Net income growth-1.8%+215.3%+83.2%+7.5%-192.4%+0.5%-
Revenue CAGR (3Y)+13.9%+12.1%+28.7%+33.8%+52.9%+50.9%+55.5%
EBITDA CAGR (3Y)---+28.3%-35.4%-44.8%-31.1%
Profitability & leverage
Net income margin+3.3%+1.2%-2.3%-12.2%-14.6%-10.2%-10.2%
Return on capital employed+1.6%+1.9%0.0%0.0%0.0%0.0%0.0%
Return on net worth+0.9%+1.2%0.0%0.0%0.0%0.0%0.0%
Debt / equity0.140.130.110.130.240.300.12
Long-term debt / equity0.110.100.080.080.160.210.08
Interest cover137.33-53.60-15.79-8.17-9.99-18.96-11.08
Efficiency & per share
Fixed asset turnover1.601.802.482.773.192.673.73
Inventory turnover490.90506.10416.89298.26230.94160.14137.29
Debtors turnover7.776.465.546.128.775.966.83
EPS (₹)4.351.31(2.28)(11.15)(13.45)(2,181.84)(2,929.18)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)134.39129.25130.56131.3395.8917,526.2632,190.72

Investments & Acquisitions by Delhivery

Delhivery has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Algorhythm Tech, Ecom Express and Gharpay.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Ecom Express
End-to-end delivery services are provided for e-commerce firms.
ecomexpress.inGurugram, India2012Apr 2025$164.49M
Algorhythm Tech
Provider of MES and visibility solutions for multi-industry
algorhythmtech.comPune, India2003Dec 2022$1.8M
Transition Robotics
Drones with varying capabilities for diverse applications are designed.
transition-robotics.comSanta Cruz, United States2011Dec 2021••••
Spoton Logistics
Provider of express logistics services
spoton.co.inBengaluru, India2011Jul 2021$200M
Primaseller
eCommerce logistics and shipping solutions are provided for D2C brands.
primaseller.comBengaluru, India2013Mar 2021$289,098
Gharpay
Cash is collected at doorsteps for online purchases without cards.
gharpay.inHyderabad, India2011Jun 2013••••
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Timeline of Delhivery

12 dated milestones of Delhivery across 14 years, from founding to its latest funding, stage changes and deals.

  1. Founded Delhivery is founded.
  2. Funding First funding round of $17K.
  3. Milestone Reaches Minicorn status.
  4. Acquisition Acquires Gharpay.
  5. Milestone Reaches Unicorn status.
  6. Acquisition Acquires Primaseller.
  7. Acquisition Acquires Spoton Logistics.
  8. Funding Latest funding round, Series I, of $98.8M.
  9. Acquisition Acquires Transition Robotics.
  10. IPO Lists on the stock exchange (IPO).
  11. Acquisition Acquires Algorhythm Tech.
  12. Acquisition Acquires Ecom Express.

Competitors of Delhivery

Delhivery has 3 listed competitors in our database, 3 of them funded. They include XpressBees, Shadowfax and Ripplr.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
XpressBees
xpressbees.com2015Pune, India$355.69M26
End-to-end logistics delivery and courier solutions are provided.
Shadowfax
shadowfax.in2015Bengaluru, India$246.8M3,562
Express delivery logistics solutions are provided for businesses and individuals.
Ripplr
ripplr.in2019Bengaluru, India$91.08M466
End-to-end distribution and logistics solutions are provided across industries.
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Web traffic of Delhivery

The website of Delhivery (delhivery.com) receives about 24.1M visits a month.

  • Monthly visits
    24.1M

    ▼ 13.3% vs previous month

Similar websites

Websites whose visitors overlap most with Delhivery. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
ekartlogistics.com
ekartlogistics.com
100%
#9,357–
IndiaMART
indiamart.com
96%
54.4M#659View details
XpressBees
xpressbees.com
94%
4.9M#15,292View details
Ecom Express
ecomexpress.in
94%
132.3K#349,035View details
TradeIndia
tradeindia.com
90%
10.2M#6,969View details
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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Top companies in Logistics Technology & Platforms

3 companies that operate in the same segment as Delhivery (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Swiggy
Food and grocery items are ordered via an online network.
2014Bengaluru, Karnataka, IndiaUSD 3.54 BUSD 2.51 B4,488
Shiprocket
E-commerce tools for shipping, marketing, and financial services are provided.
2012Gurugram, Haryana, IndiaUSD 321.57 MUSD 135.47 M915
Shadowfax
Express delivery logistics solutions are provided for businesses and individuals.
2015Bengaluru, Karnataka, IndiaUSD 246.8 MUSD 447.86 M
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Related news about Delhivery

DELHIVERY: Q2 REVENUE 30.66B RUPEES VS 25.59B (YOY)
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DELHIVERY: Q2 CONS NET PROFIT 406M RUPEES VS LOSS 504M (YOY)
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Complete news archive for Delhivery

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Articles about Delhivery on our blog

Frequently Asked Questions about Delhivery

Delhivery was founded in 2011 and raised its 1st funding round 1 year after it was founded.

Delhivery is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.

Sahil Barua is the CEO of Delhivery, as recorded in our data.

Delhivery is a funded company, having raised a total of $1.56B across 18 funding rounds to date. The company's 1st funding round was a Series E of $106.36M, raised on Jan 2012.

Delhivery has 23,536 employees.

The primary company behind Delhivery, Delhivery Limited, reported revenue of ₹10,874 Cr for FY 2026, up 18% year on year.

The company was founded in 2011 in Gurugram, India, within the logistics sector. Parcel delivery, warehousing, cross-border shipping, and fulfillment services are offered to businesses and individuals across industries. As a 3PL provider, comprehensive solutions for logistics management are enabled, including shipment tracking and delivery operations. Additional offerings encompass last-mile delivery, reverse logistics, payment collection, and vendor shipping.

Delhivery's top competitors include Shadowfax, XpressBees and Ripplr.

Yes, Delhivery is publicly traded on NSE under the ticker symbol DELHIVERY.

Delhivery has made 6 acquisitions, including Algorhythm Tech, Ecom Express, and Gharpay.

Delhivery has 32 investors. Key investors include Fidelity Investments, SoftBank, FedEx, Times Internet, and Avendus.

The valuation of Delhivery is $3.41B as of Dec 2021.

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