Delhivery Listed (NSE/BSE)Unicorn

One of the widest delivery networks in India, covering 18,000+ pincodes including remote and rural areas.

Single platform spanning express parcel delivery, part-truckload and full-truckload freight, warehousing/fulfillment, cross-border shipping, and supply-chain management.

Large e-commerce platforms such as Flipkart, Amazon and Myntra use Delhivery for last-mile and fulfillment logistics.

Sellers on Meesho, Amazon, their own D2C websites or social commerce integrate via the self-serve 'Delhivery One' platform with dashboards and APIs for easy onboarding.

Delhivery works with retailers and manufacturers across sectors for warehousing and supply-chain services (e.g. an integrated warehousing/transportation deal with Havells India).

Delhivery gives shipping clients a self-service developer portal to generate static API auth tokens and test integrations in a staging/sandbox environment without support tickets.

Larger enterprise shippers are assigned a business-development/customer-success Single Point of Contact who manages the account commercially, layering high-touch account management on top of the self-serve stack.

one.delhivery.com consolidates order visibility across Delhivery's product lines into a single dashboard where clients track shipment status, COD remittance, and order history in real time.

Small and mid-size D2C sellers connect their store to Delhivery in one click and can switch on WhatsApp/OTP delivery notifications, with next-day COD remittance at no extra charge.

Sellers and platforms integrate shipping via API tokens and the Delhivery One developer portal for automated order flow, labeling and tracking.

Direct commercial integrations with major e-commerce marketplaces (Flipkart, Amazon, Myntra) as core distribution channels for shipment volume.

Core operating activity moving parcels through the express network.

Third-party and transit warehousing, reverse logistics and vendor-to-customer/vendor-to-warehouse shipping.

Invested in automation-solutions startup Falcon Autotech to design and implement warehouse/transportation automation, bundled with Delhivery's SaaS platform.

18,000+ pincode coverage across urban, rural and remote terrain.

Total logistics infrastructure footprint reported at 20.10 million sq ft by FY25, expanding to 22.9 million sq ft by FY26.

FedEx invested $100M in Delhivery (July 2021) and the two entered a long-term commercial agreement: FedEx handles international export/import while Delhivery sells FedEx's international products and provides domestic pickup/delivery in India; FedEx Express's President & CEO joined Delhivery's board.

Investment/partnership to co-develop automation solutions for transportation and warehousing, bundling hardware automation with Delhivery's SaaS platform.

Strategic integrations with Flipkart, Amazon and Myntra as key logistics partners.

Core B2C parcel delivery segment, the largest revenue contributor.

B2B less-than-truckload freight; volumes grew 19% YoY to 1.7 million MT in FY25.

Truckload freight services for enterprise clients.

Warehousing, fulfillment and end-to-end supply chain management for retailers/manufacturers.

International shipping services, including a commercial tie-up with FedEx Express for cross-border trade.

Line-haul transportation and last-mile delivery/servicing costs are by far Delhivery's biggest expense line, reflecting its asset-light-plus-owned-network model.

Wages, benefits and incentives for warehouse staff, sortation-centre operators, feet-on-street personnel and corporate employees form the second-largest disclosed cost bucket.

Running 24 automated sort centres, 94 gateways and thousands of delivery centres drives a heavy, largely fixed depreciation, lease and maintenance cost base.