Tiger Global-backed e-commerce logistics major Delhivery is leading a Series A round in on-demand delivery company Parcelled, after having seeded the startup earlier this year. This comes on the back of Delhivery's investment in Bangalore-based hyperlocal delivery player Opinio, indicating the logistics firm's strategy to expand its platform by picking up stakes in smaller ventures.
Delhivery, which is focused on catering to e-commerce clients, has been adding express and hyperlocal offerings as it gets challenged by these younger set of logistics tech startups. Parcelled received around $5 million from Delhivery & Tracxn Labs, while Opinio had bagged $7 million in funding from Delhivery, Sands Capital and Accel Partners recently.
Sahil Barua, co-founder, Delhivery, told TOI, "The companies we have backed are solving crucial problems in the first mile and last mile legs of delivery. They make it easier to return parcels to e-commerce companies, provide immediate delivery options across categories from local retailers and enable a larger pool of people from the informal economy to participate in our fulfillment and delivery operations."
In the past year, a new wave of logistics technology startups has mushroomed, with the bulk of them in the express, hyperlocal space.
