Delhiveri may offer IPO in 12-15 months

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Delhiveri may offer IPO in 12-15 months
new Delhi: Supply chain company Delhiveri can offer IPO in 12-15 months. He also informed that Stateview Capital has bought shares worth $ 2.5 crore (about Rs. 184 crore) from an old investor in Delhiveri. However, the company did not mention the name of the investor who sold the company’s shares.

Sahil Barua, founder of Delhiveri said, “We welcome Steadview Capital. We have known this firm and the head of the company for a long time and it is a pleasure for us to be with them in the next phase of the journey.” ”

Last year Delhiveri acquired a $ 40 crore (Rs 2,766.82 crore) fund from SoftBank Vision Fund. Its investors include the Carlyle Group. Delhiveri has 2,300 cities in its network.

The company provides a wide range of logistics services. This includes express parcel transportation, LTL and FTL freight, reverse logistics, cross borders, B2B, B2C warehousing and technologies services.

Read also:
Before IPO, this stock doubled in unlisted market in 9 months

Delhiveri has completed 80 crore transactions so far. More than 10,000 customers are associated with the company. Apart from 450 enterprises and brands with the company, there are hundreds of big and small e-commerce platforms.

Ravi Mehta, Founder and CIO of Steadview Capital, said Delhiveri’s tech-based policy speeds up delivery, reducing logistics costs. Also, the acceptance of e-commerce has increased rapidly in the last decade.

He said, “We believe that Delhiveri can become the largest logistics company in the country. There are very good chances of its growth.” Steadview’s portfolio includes Dream 11, FreshWorks, Lenskart, Nike, Ola, PolicyBazaar, UC, Unacademy, Genotti and Jomato.

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