Delhivery was established in May 2011 as SSN Logistics Ltd, initially conceptualised as a
hyperlocal express delivery service provider for
offline stores, delivering flowers and food in Gurgaon. During that time, the online retailing and
e-commerce segment was expanding rapidly in India, with global investors showing significant interest in the industry. Founders Barua and Tandon, who were at the time working as consultants with the management consulting firm,
Bain & Company, were intrigued by the size and potential of the industry, and decided to focus on the segment. In June 2011, Delhivery signed its first e-commerce client, Urban Touch, an online fashion and beauty retailer. By August 2011, Delhivery had switched completely to offering logistics services to a number of e-commerce companies. In March 2019, Delhivery raised its biggest round of funding with a $413 million investment from
SoftBank. In May 2021, Delhivery revealed it has further raised $277 million in a funding round led by
Fidelity, taking its market valuation to nearly $3 billion. In August 2021, Delhivery acquired the B2B logistics company, Spoton Logistics, for . In December 2021, it acquired California-based
unmanned aircraft system company Transition Robotics Inc. Delhivery raised of funding from 64 anchor investors ahead of its initial public offering in May 2022. In May 2022, Delhivery launched its
initial public offering (IPO) of at a valuation of and got listed on the
BSE and the
NSE. In 2024, Delhivery became one of the sponsors of the
Royal Challengers Bangalore team in the
Indian Premier League. == Organisation ==