wordpress blog stats
Connect with us

Hi, what are you looking for?

Delhivery Raises Around $5M From NVP; Gharpay Integration Issue Resolved

Delhivery logo

Logistics company Delhivery (SSL Logistics) has raised close to $5 million in Series B investment from Nexus Venture Partners, reports TechCircle. When we contacted, Delhivery CEO Sahil Barua said he cannot comment on this investment right now but he neither confirmed or denied this investment.

Prior to this, Indiatimes had bought a minority stake for an undisclosed amount in June 2012. The company had then said it was looking for a strategic relationship in terms of systems and processes to build a tighter integration and control in the last mile delivery services.

Launched in May 2011, Delhivery provides logistics solutions for e-commerce companies. This includes solutions like last mile delivery, third party warehousing, reverse logistics and multiple payment collection and processing options. It also provides vendor-to-warehouse and direct vendor-to-customer shipping solutions.

In June 2013, Delhivery had acquired the offline cash collection network of Gharpay along with the Gharpay brand, however the company was facing integration issues with Gharpay about a month later and had suspended Gharpay deliveries for some clients until yesterday. In an email to its clients, Delhivery had explained it was facing an issue both from a technological and an operational (contractual) standpoint, although a Quora thread suggested that Delhivery’s attempt to change contracts for Gharpay clients was causing these problems. (More on that here).

Barua told Medianama that the issue has now been resolved and all the clients have now been transitioned to Delhivery. While he declined to share the number of clients Delhivery currently has, he claimed that they currently have more than 200 clients. At the time of its acquisition by Delhivery, Gharpay had 750 clients.

Interestingly, its worth noting that Nexus Ventures Partners has also invested in an order management and fulfillment solution provider Unicommerce in May 2013. The company had then claimed that its service is being by e-commerce companies like Snapdeal.com, Jabong.com and currently manages over 1.5 million product shipments per month across 50+ warehouses and 1000+ concurrent users globally.

Advertisement. Scroll to continue reading.

Besides this, there are players like DTDC which had launched a specialized e-commerce logistics initiative called DotZot in March 2013, Chhotu.inMuditaHolisol, Ecom Express and others. Courier companies Bluedart and FedEx also offer specialized logistics solutions for e-commerce companies and India Post was planning to launch a delivery service for e-retailers.

Update: Headline changed to indicate the Gharpay integration issue has been resolved.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....

News

By Anand Venkatanarayanan                         There has been enough commentary about the Indian IT...

News

By Rahul Rai and Shruti Aji Murali The Indian antitrust regulator, the Competition Commission of India (CCI) has a little more than a decade...

News

By Stella Joseph, Prakhil Mishra, and Surabhi Prabhudesai The recent difference of opinions between the Government and Twitter brings to fore the increasing scrutiny...

News

This article is being posted here courtesy of The Wire, where it was originally published on June 17.  By Saksham Singh The St Petersburg paradox,...

You May Also Like

News

In 2019, Amazon acquired a 49 percent stake in a promoter company called Future Coupons, and India’s competition regulator had approved the deal. The...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ