Sahil Barua is one of those people who started young in life and has since achieved great success in a variety of endeavors.
Thanks to his unwavering commitment and his insatiable thirst for knowledge, he reached an extraordinary level of achievement. Despite excelling in his studies, not all top students start their own business.
During the process of establishing one’s empire, it is necessary to exert efforts that go beyond the scope of the league.
But the one who promises to do all those things that are beyond his abilities and simultaneously brings those promises into reality is the winner. At some point, they are approached by bliss, which allows them to a sufficient degree to build their own kingdom.
And so, in order to make you aware of the abilities you possess, today I’m going to introduce you to the character that serves as the best example of this type of paradigm.
Sahil Barua is one of the co-founders of the e-commerce company delhivery, considered the most essential in the field of logistics support.
Sahil Baroua
Quick Facts About Sahil Barua
Name: Sahil Barua
Date of Birth: December 25, 1984
Place of birth: delhi
Nationality: Indian
Father’s name: Samir Kumar Barua
Networth: ₹338,000,000
Occupation: Entrepreneur
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Early life of Sahil Barua
CEO of Delhivery. On December 25, 1984, Sahil Barua was born in Delhi. He followed in the footsteps of others and graduated from St. Xavier’s High School after completing his formal education.
After that, I moved to Karnataka to attend Karnataka National Institute of Technology and get a degree in Mechanical Engineering. I was there from 2002 to 2006.
The fact that he didn’t even get a master’s degree in finance from the Indian Institute of Management Bangalore (IIM-B) despite being on the director’s list of gold and merit institute is one of the most admirable aspects of his education.
How did his professional life begin?
Mr. Barua began his career with a time-limited internship. This was when he was working on his mechanical engineering degree, and at the same time he traveled to the University of Maryland in the United States in 2005.
There, Sahil began his stay as an electronic packaging research intern at CALCE Laboratories, where he remained employed for almost four months (May 2005 to August 2005).
In the following years, while Sahil was still a student at IIM-B, he again worked as a “Summer Associate at Bain & Company” in London for a period of about three months in 2007.
However, all these positions were only internships, and he did not even get anything for his future career. Nevertheless, the education he received there was invaluable to him.
Additionally, he held a position with the Bangalore-based fashion brand Stayglad. However, in no time he managed to escape.
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Sahil Barua’s entrepreneurial journey?
There will be a lot of ups and downs along the way, and there will be a significant amount of work involved. Success will not come overnight. As a result, his version of the success story is not as unique as those of others.
You completely ignore the fact that Sahil joined Bain & Company in 2008, this time as a full-time associate consultant after completing graduate school.
And less than a year later, in June 2009, he was promoted to Senior Associate Consultant. After that, he focused on analyzing different industries, such as private equity, telecommunications, and healthcare.
Due to his continued efforts to let go of his duties, he had the opportunity to be promoted to consultant position in June 2010, at which time he was given a more clearly defined portfolio with an increased number of responsibilities.
It was while employed at Bain & Company that he befriended Suraj Saharan and Mohit Tandon. In the midst of all this, the idea of starting an internet business came into his mind, and since Suraj and Mohit both had the same line of thought, they both moved forward with their involvement.
And came to the conclusion to start an e-commerce logistics business known as Delhivery.
Due to the fact that these three people developed friendships with the founders of Zomato, Pankaj Shahadah and Deepinder Goyal. Therefore, Abhishek and Goyal gave them an amount which will remain confidential so that they can carry out the business.
This is how they got their start in the business world and set up their first head office in Gurgaon with a total of 10 employees, including four delivery people. After a while, he formed alliances with nearby restaurants and started fulfilling orders on a half-time basis. hours
Because the Indian market lacked an adequate distribution system at the time, this strategy was successful. After its inception, the company grew by 400% in just four years.
Therefore, in a sense, despite the presence of a number of competitors, its Delhivery model continues to dominate the market.
Personal life of Sahil Barua
Sahil’s personal and professional lives are very similar. He prefers to keep a low profile and is quite protective of his personal space.
His first task in the morning is to review the reports generated by the management information system (MIS), observe the shipments that were to be delivered and calculate the revenues that have been made. Then, after he finishes looking at the deliveries that are due today, he will proceed.
According to Sahil Barua, technology is the key to achieving your goals and succeeding. However, he is unable to maintain his position on the computer screen for an extended period of time. Every twenty minutes, he finds it more productive to walk around the room and engage in conversation with other team members.
History of Delhivery
SSN Logistics Ltd. was the original name given to Delhivery when it was established in May 2011. During the first few months of the company’s existence, residents of Gurgaon were able to use the company’s hyperlocal express delivery service to place orders of food. and flowers to be delivered on site. At that time, internet retailing and e-commerce in India was growing at a rapid pace, which attracted a lot of interest from international investors.
Barua and Tandon, the founders of the company, worked at the time as consultants for the management consulting firm Bain & Company. The founders were intrigued by the scale and potential of the business. Because of this, they came to the conclusion that industry would be their primary focus.
In June 2011, Delhivery successfully landed its first e-commerce client, online fashion and beauty retailer Urban Touch. By August 2011, Delhivery had completely transformed its business model to one in which it offered logistics services to a number of different online retailers.
In March 2019, Delhivery completed its most successful round of funding when it received a $413 million investment from SoftBank.
It was revealed in May 2021 by Delhivery that he had successfully completed a fundraising round led by Fidelity in which he managed to raise another $277 million, bringing his total market valuation to around $3 billion.
In August 2021, Delhivery completed the acquisition of B2B logistics company Spoton Logistics for a purchase price of 1,600 crore (US$200 million).
In December 2021, it completed the acquisition of Transition Robotics Inc., a California-based company that manufactures unmanned aircraft systems.
Investments totaling 2,347 crore ($290 million) were made by 64 anchor investors in Delhivery ahead of the company’s May 2022 IPO.
Following the completion of its initial public offering (IPO), which was held in May 2022, Delhivery became publicly listed on the BSE and the NSE. The valuation of the company has been determined at 35,283 crores, which equates to $4.4 billion.
Delhivery Expansion
In the past, Delhi charged relatively little for deliveries. Their plan included a transfer of 500 gram packets in the National Capital Region (NCR), a transfer of 500 gram packets to major cities, as well as Tier 2 and Tier 3 regions.
They started by going to customers and inviting them to learn more about their services. For the first year and a half, Delhivery solicited customers and offered them a month of free service.
Even their new customers were asked to try their luck on 30 packages each day, and if they could keep their word, increase it to 50, and eventually to whatever number they were comfortable with.
By the end of the year, the company was delivering more than 500 shipments every day to five of its e-commerce customers in the Delhi NCR region. They now had three centers around Union Territory and their squad size had grown to 25.
A fundraiser from Times Internet Limited marked the start of the company’s 2012, followed by the launch of fulfillment services with over 10,000 square feet of fulfillment facilities in Chennai and Delhi. At the same time, they also rebranded their collection facilities!
They were now able to manage 75 customers and 53 vendors, expand their service area to 31 locations, register or process up to 50,000 shipments each month, and ship over 9,000 shipments per day thanks to to this huge increase in storage space.
They made a number of changes to their current IT and physical structure in 2013, more like a modification phase, after receiving suggestions and feedback from their customer base.
Even customers were consulted to ensure they were getting what they needed through Delhivery’s IT system, and if anything seemed to be missing, their staff filled it in.
The navigation system layout was created by their engineering and technology teams working together.
They also unveiled a number of commerce-related technologies, including Vendor Panel, Godam, and FALCON.
And by the end of the year, Nexus Venture Partners had contributed another $5 million to Delhivery’s Series B investment round.
Delhivery currently serves over 175 locations in South Asia, the Middle East and India. They can now serve over 800 customers and 25,000 suppliers, have 12 additional fulfillment centers in their network and handle over 250,000 shipments every day.
The company raised $127.5 million from 5 investors in 4 rounds, including $85 million in 2015. In less than 4 years, it grew by 400%.
Despite severe rivalry from companies like Ecom Express and QuickDel Logistics, Delhivery continues to dominate the market and will also produce massive sales of Rs. 220 million rupees in 2015.
What is even more exciting to learn is that Delhivery is already breaking even month on month and is expected to reach full profitability by 2016.
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