Logistics startup Delhivery has raised nearly $5 mn from Nexus Venture Partners in a series B funding round, according to a new report.
The Times Group backed e-commerce logistics provider Delhivery had acquired parts of Sequoia backed payment network GharPay in June.
Delhivery provides logistics services such as inventory management, cash on delivery, warehousing, last mile delivery and tracking. The development was reported by VCCircle (pay-walled).
With the e-commerce boom, new opportunities cropped up in the logistics space in India. Startups like Delhivery are part of the new crop that rose up to serve the demand from e-commerce companies.
However, larger players like Bluedart, FedEx, Gati and DTDC have also started tailor made offerings for e-commerce companies. The Indian government has also entered the fray with
In June, we reported that India Post is entering e-commerce logistics with mechanized warehouses and booking centers. The postal department tied up with Air India to transport goods between domestic airports and door to door services.
Meanwhile, the The Indian postal department, is also about to propose a protectionist amendment to the 100 year old Indian postal act, which threatens to snuff out the private courier industry overnight. The new proposal plans to make it mandatory for courier companies to charge Rs 70 for all non local courier. It has also proposed to set up a postal regulatory authority.