Ecommerce, News

Logistics firm Delhivery raises USD 5mn from Nexus Venture Partners

delhiveryGurgaon based logistics firm Delhivery has raised around USD 5 million in series B funding led by Nexus Venture Partners.

Delhivery manages the entire ecommerce supply chain for retailers, from procurement to warehousing, to packaging to last mile delivery system and also offers cash on delivery.

The news comes in just few days after the reports of last mile delivery firm came up where the investors had written off their investment from it and now it is close to a shut down or a buyout situation.

The development was first reported by VCCircle.

Recently Delhivery was in news for acquiring cash collection service ‘Gharpay’ which had 750 current clients for an undisclosed amount of funds. It had previously also raised investments from Times Internet Ltd against minority stake in it and handles the major portion of Indiatimes shopping drop shipping model.

As per May 2013, Delhivery had done 20 million shipments with being operational in about 39 cities across India.

Delhivery was started by a group of engineers including Amit Prakash, Ambasta, Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua and Suraj Saharan.

Firms dealing in the same space include EcomExpress, DotZot etc. and recently, India Post had also revealed its plans to provide logistics to e commerce players.

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