Delhivery, a gurgaon based e-commerce logistics company, has raised close to USD 85 million in a new round of funding led by venture capital firm Tiger Global Management Llc.
The funding round also participated by existing investors like Multiples Alternate Asset Management, Nexus Venture Partners, and Times Internet Limited.
New fund will be used to build expand e-commerce enabling services such as warehouse management and shipping to South Asia, West Asian and African market.
Last time in September 2014, Delhivery had raised USD 35 million in series C round of funding led by Multiples Alternate Asset Management, with participation from existing investors Times Internet and Nexus Venture Partners.
Prior to this, in September 2013, Delhivery had raised close to USD 5 million in Series B funding from Nexus Venture Partners. In June 2012 times internet brought minority stake in the company for an undisclosed amount.
Delhivery was founded in May 2011 by Sahil Barua, Mohit Tandon, Suraj Saharan, Bhavesh Manglani and Kapil Bharati. Since its inception, Delhivery has raised close to USD 125 million. Delhivery runs by SSN logistics Private Limited. It works with offline and online retailers like Paytm, Myntra and Flipkart.
As per its website, Delhivery has presence in 175 cities, works for 800 clients and 25000 sellers.
In February this year, Ahmadabad based leading eCommerce company Infibeam launched a SaaS-based logistics services aggregation platform called ShipDroid.