The Delhi Income Tax Department has issued a penalty order of INR 1.32 crore to the logistics startup Delhivery. According to the company's exchange filing, the Assessing Officer of Central Circle 18, Delhi, issued the penalty notice to it on June 28. The ruling relates to specific
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The franchise industry in India has been witnessing significant growth, with over 300 new franchise companies starting up every year. According to industry statistics, the Indian franchise business is expected to reach USD 140-150 billion in the next five years. Multi-unit franchisees account for 53% of all franchises in the
The business announced in a regulatory filing that it has finalised a deal to buy a majority share in Ecom Express Ltd. from its stockholders for about INR 1,400 crore in cash.
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Sahil Barua is a visionary entrepreneur and business leader who has left a lasting mark on India's logistics industry. He is the co-founder and CEO of the leading Indian logistics and supply chain company, Delhivery. Sahil is also a keen angel investor and actively invests in startups. He
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The growth of the e-commerce industry impacted the courier business. Due to more shopping in the eCommerce platform courier business is becoming one of the fastest-growing markets in India nowadays. Courier and delivery companies provide various services starting from the online courier and cargo marketplace and finishing with logistics. There
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. Logistics has always been an important sector for any country, including India, but the space had never seen such a ground-breaking turn before Delhivery came into being. Proving itself since 2011 as a great
The allocation of 7.8 lakh equity shares for the exercise of vested options under its employee stock option plan (ESOP) has been approved by logistics giant Delhivery. In an exchange filing, Delhivery Limited stated that on December 10, 2024, the stakeholders' relationship committee authorised the issuance of 7,
In an effort to reward and retain its staff, Delhivery Limited, a well-known logistics company, announced the extension of its employee stock option plan (ESOP) pool, awarding 6,49,547 equity shares. According to a formal exchange filing, this allocation was approved by the Stakeholders' Relationship Committee on July
On 16 September 2024, the supply chain management company Delhivery announced that it has formed a partnership with Teamglobal Logistics to provide ocean freight services, with a particular emphasis on both inbound and outbound logistics. With the strategic partnership, Delhivery will be able to provide its Less than Container Load
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The logistics industry is the backbone of every economy. In the last few years, the eCommerce industry is flourishing in a big way. The growth of eCommerce websites in India enabled startups dealing in logistics to scale up their business and tap into other areas through technology. This allowed them
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The ride throughout the year 2021 was a turbulent one. There were many things taking place simultaneously. Many things were also happening for the first time or creating records. One of the similar record-breaking things that occurred throughout the year 2021 was the companies going public. More than 63 companies
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The startup ecosystem has grown over the past few years because many venture capital firms are investing in the early stages of upcoming startups. One such homegrown early-stage investing firm is Nexus Venture Partners, which was founded by successful entrepreneurs Suvir Sujan, Sandeep Singhal and Naren Gupta in 2006. The
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The number of Covid-19 cases has been increasing in India from the last month. The daily Covid cases in the second wave of Covid have crossed the 3-lakh mark in the country. The entire healthcare system in India has been facing a great challenge and an immense pressure. The cases
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Blowhorn. Logistics has been a challenge for this country ever since, especially when it comes to the first mile, middle mile, and last-mile logistics. To