Delhivery Secures 277 Million in Fidelity 3B SinghTechCrunch
Delhivery, a leading ecommerce logistics provider, has announced a series C funding round of 277 million led by Fidelity International and 3bsinghtechcrunch. This is an important milestone indicating Delhivery’s success and progress, and will ensure its continued development in the logistics and ecommerce industry. By capitalizing on the opportunity to diversify its client base, strengthen its services and expand its offerings, the new funding will help propel Delhivery to the next level of growth and success.
Overview of Delhivery
Delhivery is a comprehensive logistics platform that enables ecommerce deliveries for a diverse set of customers ranging from large enterprises to SMBs. Founded in 2011 in India, the company has rapidly expanded its network to over 28,000 pin codes across the region and beyond.
Delhivery handles packages from ‘warehouse to door’, connecting customers with the most appropriate delivery option and ensuring the most efficient and affordable delivery of the product.
Role of Fidelity International in Series C Funding
Delhivery Secures 277 Million in Fidelity 3B SinghTechCrunch funding will be led by Fidelity International, a global financial services provider. Fidelity brings a long-standing tradition of trust and experience in finance and wealth management, making them an ideal partner for Delhivery as it continues to scale and expand its operations.
Fidelity’s participation in the funding will help Delhivery to further expand its services and capabilities, while bolstering its existing network and finance operations.
Impact of 3bsinghtechcrunch
3bsinghtechcrunch is another investor in the series C funding of Delhivery. 3bsinghtechcrunch offers innovative solutions for businesses in their early stages, allowing startups to reach more customers, scale quickly and build an engaging virtual presence. This additional investment from 3bsinghtechcrunch allows Delhivery to access 3bsinghtechcrunch’s insights and solutions, which further contributes to the development of a comprehensive ecommerce platform.
Significance of Series C Funding for Delhivery
Delhivery Secures 277 Million in Fidelity 3B SinghTechCrunch marks a significant milestone in Delhivery’s growth and accomplishment. The company has seen unparalleled success since its inception, scaling up from a local logistics provider to a global leader in ecommerce solutions.
The new funding will enable the company to further increase its services and capabilities, providing the resources to expand its presence and reach more customers.
How Delhivery plans to leverage Series C Funds
Delhivery’s primary objectives in utilizing the new funds are to expand its service offerings with international and domestic capabilities, and to further develop its technology stack. Additionally, the company plans to establish a proof of concept centre that will allow it to test newer technologies and solutions.
With the help of its new funding, Delhivery plans to become the go-to ecommerce platform for businesses, connecting customers with their respective products in a cost-efficient manner.
Conclusion
With its successful series C funding, Delhivery is poised to become the leading ecommerce logistics platform in the region. With the help of Fidelity International and 3bsinghtechcrunch, the company has been able to capitalize on the opportunity to further expand its services and offerings.
By leveraging the new funding to invest in technology, testing capabilities, and service expansions, Delhivery is well-positioned to become the go-to provider for end-to-end ecommerce solutions.
