Bio, Wiki, Age, Family, Career and Net Worth
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Sahil Barua is one of those individuals who started young in life and has since achieved great success in a variety of endeavors.
Through his unwavering commitment and insatiable appetite for knowledge, he has reached an extraordinary level of achievement. Despite excelling in his studies, not all top students go on to set up their own company.
In the process of establishing one’s empire, it is necessary to make efforts beyond the scope of the competition.
But the one who promises to achieve all those things that are beyond one’s capabilities and at the same time puts those promises into practice is the winner. At some point they are approached by luck, which allows them to sufficiently build their own kingdom.
And so, 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 that type of paradigm.
Sahil Barua is one of the co-founders of the e-commerce company delhivery, which is considered the most essential in the field of logistics support.
Sahil Barua Fast Facts
Name: Sahil Barua
Date of birth: Dec 25, 1984
Father’s name: Samir Kumar Barua
Net value: 338 crores
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Sahil Barua early life
CEO of Delhivery. On December 25, 1984, Sahil Barua was born in Delhi. Following in the footsteps of others, he graduated from St. Xavier High School after completing his formal education.
Then I moved to Karnataka to attend the National Institute of Technology in Karnataka and get a degree in mechanical engineering. I was there from 2002 to 2006.
The fact that he did not even obtain a Master of Finance from the Indian Institute of Management in Bangalore (IIM-B) while being on the gold medalist and merit list of directors of the institute is one of the most admirable aspects of his education.
How his professional life started?
Mr Barua kicked off his career with a limited time internship. This was while he was studying Mechanical Engineering, and at the same time he had traveled to the University of Maryland in the United States in 2005.
There, Sahil began his internship as an electronic packaging research intern at the CALCE Labs, where he remained employed for nearly four months (May 2005 to August 2005).
In the years that followed, when Sahil was still a student at IIM-B, he worked again in 2007 for a period of approximately three months as a “Summer Associate at Bain & Company” in London.
However, all these positions were only internships, and he didn’t even earn anything for his future career. Still, the education he received there was invaluable to him.
He also held a position at Bangalore-based fashion label Stayglad. In a short time, however, he managed to escape here.
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Sahil Barua’s entrepreneurial journey?
There will be many highs and lows along the way, and there will be a significant amount of work involved. Success does not come overnight. As a result, his version of the success story is not nearly as unique as that of others.
You are totally oblivious to the fact that Sahil rejoined Bain & Company in 2008, this time as a full-time Associate Consultant after completing his postgraduate studies.
And less than a year later, in June 2009, he was promoted to Senior Associate Consultant. He then shifted his focus to analyzing various industries such as private equity, telecommunications and healthcare.
Due to his continued efforts to step down from his duties, he was given the opportunity in June 2010 to be promoted to the position of Consultant, giving him a more clearly defined portfolio and a wider range of responsibilities.
It was while working for Bain & Company that he became friends with Suraj Saharan and Mohit Tandon. In the midst of all this, the concept of starting an internet business came to his mind, and since Suraj and Mohit both had the same mindset, the two went ahead with their involvement in it.
And came to the conclusion to launch an e-commerce logistics company known as Delhivery.
Due to the fact that these three individuals developed friendships with the founders of Zomato, Pankaj Shahadah and Deepinder Goyal. Therefore, Abhishek and Goyal have given them an amount that will remain confidential so that they can run the business.
That’s how they started in the business world and that’s how they created their first headquarters in Gurgaon with a total of 10 employees, four of whom are delivery drivers. After some time, he formed alliances with nearby restaurants and began to complete orders within the rest. hour
As the Indian market did not have an adequate distribution system at the time, this strategy was successful. After the company was founded, it grew 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.
Sahil Barua personal life
Both Sahil’s personal and professional life are very similar. He prefers to be unobtrusive and is quite protective of his personal space.
His first job in the morning is to review the reports generated by the Management Information System (MIS), observe the shipments scheduled to be delivered and calculate the revenues made. After he finishes reviewing the deliveries due today, he continues.
According to Sahil Barua, technology is the key to achieving your goals and achieving success. However, he is unable to hold his position on the computer screen for extended periods of time. After every twenty minutes, he finds it more productive to circulate around the room and engage in conversation with the other members of the team.
History of Delhivery
SSN Logistics Ltd. was the original name given to Delhivery when it was founded in May 2011. Within the first few months of the company’s existence, residents of Gurgaon were able to use the company’s hyper-local express delivery service to place orders for food and deliver flowers locally. While this was underway, Internet retailing and e-commerce in India expanded rapidly, attracting a lot of interest from international investors.
At the time, Barua and Tandon, the company’s founders, were working as consultants for the management consulting firm Bain & Company. The founders were intrigued by the size and potential of the company. Because of this, they came to the conclusion that the industry would be their primary focus.
In June 2011, Delhivery managed to land its first e-commerce client, e-commerce fashion and beauty retailer Urban Touch. By August 2011, Delhivery had completely transitioned 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 financing round, receiving a $413 million investment from SoftBank.
In May 2021, it was revealed by Delhivery that it had successfully completed a fundraising round led by Fidelity, in which it had successfully raised a further $277 million, bringing the total market value to approximately $3 billion.
In August 2021, Delhivery completed the acquisition of the 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 (US$290 million) were made by 64 anchor investors in Delhi ahead of the company’s IPO in May 2022.
Following the completion of the Initial Public Offering (IPO), which was held in May 2022, Delhivery was publicly traded on the BSE and NSE. The company’s valuation was set at 35,283 crore, which is equivalent to $4.4 billion.
Extension of Delhivery
In the past, Delhivery charged relatively little for deliveries. Their plan included a 500 gram package transfer within the National Capital Region (NCR), a 500 gram package transfer 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 gave them a free month of service.
Even their first customers were urged to buy 30 packs 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 per day to five of its e-commerce customers in the NCR area of Delhi. They now had three centers around the Union Territory and their team size had expanded to 25.
A Times Internet Limited fundraiser marked the start of 2012 for the company and was followed by the launch of fulfillment services with over 10,000 square meters of fulfillment facilities in Chennai and Delhi. At the same time, they have also rebranded their collection facilities!
They were now able to manage 75 customers and 53 suppliers, expand their service area to 31 locations, clock or process up to 50,000 shipments per month and ship more than 9,000 shipments per day as a result of this massive increase in storage space. .
They made some changes to their current IT and physical structure in 2013, more as an adaptation phase, after receiving suggestions and feedback from their customers.
Even customers were consulted to make sure they were getting what they needed through Delhivery’s IT system, and if anything seemed to be missing, their employees filled it in.
The layout of the navigation system was created by their engineering and technology teams working together.
They also unveiled a number of technologies related to commerce, including Vendor Panel, Godam, and FALCON.
And by the end of the year, Nexus Venture Partners had contributed $5 million more to Delhivery’s Series B investment round.
Delhivery currently serves more than 175 locations in South Asia, the Middle East and India. They can now serve more than 800 customers and 25,000 suppliers, have 12 additional fulfillment centers in their network, and handle more than 250,000 shipments every day.
The company has raised $127.5 million in 4 rounds from 5 investors, of which $85 million arrived in 2015. In less than 4 years it has grown by 400%.
Despite serious rivalry from companies like Ecom Express and QuickDel Logistics, Delhivery continues to dominate the market and will also produce huge turnover of Rs. $220 million in 2015.
Even more exciting to hear is that Delhivery has already broken even month-to-month and is expected to reach full profitability by 2016.
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