Avendus Capital Advises Delhivery (SSN Logistics Pvt Ltd) on Their USD 85 MN Series D Financing Led by Tiger Global Management and Existing Investors.

With this new fund infusion the company will look at acquisitions in the e-commerce value chain to complement its suite of offerings, apart from investing in technology.

“Delhivery’s ambition is to fulfill all of India’s online demand for products. We will deploy this
capital to build infrastructure and design services for e-commerce, hyper-local commerce, C2C commerce and other verticals with specialized requirements such as reverse logistics, furniture and grocery”

Delhivery has nearly one million square feet of warehousing space in 11 fulfilment centers. By the end of the calendar year, the company plans to tap into India’s rural market as well with a four-fold increase in its current reach along with investment in over 2.5 million square feet of fulfilment centers. It expects to double its Indian presence from 250 cities to 500 by December 2015.
 

"Delhivery has built its market-leading position by innovating extensively in its growing portfolio of commerce technologies while expanding its logistics infrastructure, fulfillment and
transportation services. We are excited to be a part of this growth story, which aims to fulfill all the rapidly growing online demand for products in India"