We are thrilled to announce that Delhivery, India's largest fully integrated logistics provider, has successfully raised ₹650 million (approximately $7.8 million) to further enhance our state-of-the-art logistics operations and services. This infusion of capital will allow us to invest in cutting-edge technology and world-class infrastructure necessary to continue simplifying commerce for businesses of all sizes across India and beyond. With 3 billion parcels shipped since our inception and a reach that covers 99.5% of India's population, this funding will be pivotal in expanding our capabilities and streamlining logistics solutions, including our Express Parcel, Supply Chain Solutions, and both Partial and Full Truckload services.
In today’s competitive landscape, businesses require seamless and efficient supply chain solutions to thrive, and at Delhivery, we pride ourselves on not just moving goods but actively driving businesses forward. The new funds will also support our OS1 operating system, which addresses rising supply chain costs and inefficiencies, enhancing operational visibility. As we continue to manage over 18.8 million square feet of logistics infrastructure and serve more than 33,000 businesses, this funding allows us to reinforce our commitment to providing unmatched expertise and service excellence. Looking to the future, we aim to expand our cross-border services to facilitate easier shipping to over 220 countries and continue our mission of delivering impactful logistics solutions that empower enterprises nationwide. We thank our investors for their trust and confidence in our vision and capabilities.
