This would be a marked increase from the $3 billion at which the company was valued at after its latest-round of funding. This round brings to light the strong fillip to the logistics- based start-ups in Idnia during the Covis 19 pandemic
Logistics start-up Delhivery is contemplating a valuation of $4 Billion for its proposed public listing in the March quarter. This would be a marked increase from the $3 billion at which the company was valued at after its latest-round of funding. This round brings to light the strong fillip to the logistics- based start-ups in Idnia during the Covis 19 pandemic.
Delhivery is in talks to sell a minority portion of its stake for $500-600 million through the upcoming IPO. The company is looking to file its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) either in July or August 2021.
Delhivery is heavily dependent on digitisation, unlike traditional logistics company. With the pandemic induced lockdown, there has been a surge in online orders, a phenomenon Delhivery is benefitting from. This is especially true now that middlemen in the logistics chain have been weeded out. Presently, the company earns about 70% of its revenue from e-commerce platforms. Delhivery’s contemporaries and rivals include Blue Dart, Gati, FedEx, Ecom Express, and XpressBees among other leading players.
Source: Business World
