Logistics and supply chain provider Delhivery allots ESOP worth INR 46.3 crore
- ByTejika Bajaj | November 22, 2021
The logistics and supply chain provider Delhivery has allotted fresh ESOP worth INR 46.3 crore to over 5 dozen employees. This announcement comes just weeks after it filed its Draft Red Herring Prospectus (DRHP) to raise funds through an IPO worth INR 7,460 crores.
The Delhi-based startup has passed a special resolution thus allotting 12, 17,500 equity shares worth INR 46.3 crore to 66 employees against ESOP (Employee Stock Option Plan). Sanjay Rao, Hrikesh Kelkar, Sabyasachi Senpati and Vikram Khurana happen to be the biggest beneficiaries in this allotment as they’ve been allotted 215k, 172k, 92k and 64k shares respectively in the company.
The logistics provider has raised an accumulated amount of $500 million through multiple rounds of funding this year alone. In September, it had raised $125 million in a funding round led by Lee Fixel’s Addition. Till date the company has raised $1.4 billion and has been valued at $3 billion as of May 2021.
Founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan and Kapil Bharati, Delhivery is an e-commerce and logistics supply chain provider based out of Delhi. It provides diversified services such as parcel delivery, heavy goods delivery and warehousing. The company claims to process 15 lakh orders every day and has 86 gateways across India.
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