Bio, Wiki, Age, Family, Career and Net Worth

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Sahil Barua is one of those people who started young in life and achieved great success in various endeavours.

Due to his unwavering dedication and insatiable thirst for knowledge, he has achieved an extraordinary level of achievement. Despite the fact that he excelled in his studies, not all the best students sought out their own business.

During the process of establishing one’s empire, it is necessary to expend efforts that are outside the bounds of the league.

But the winner is the one who promises to fulfill all the things beyond one’s ability and fulfills those promises at the same time. At some point, they are approached by joy that allows them enough to build their own kingdom.

So, today I’m going to introduce you to a character who acts as a great example of that kind of role model to make you aware of the potential you have.

Sahil Barua is one of the co-founders of e-commerce company Delivery, which is considered the most essential in the logistics support industry.

Sahil Barua

Sahil Barua

Sahil Barua Fast Facts

Name: Sahil Barua

date of birth: 25 December 1984

birth place: Delhi

Citizenship: Indian

Father’s Name: Sameer Kumar Barua

Net worth: ₹ 338 crore

Occupation: Businessman

read more: Who was the first Indian? The businessman was arrested with 134,700 bottles of codeine.

Early life of Sahil Barua

CEO of Delhivery. Sahil Barua was born on 25th December 1984 in Delhi. He followed in the footsteps of others and graduated from St. Xavier’s High School where he completed his formal schooling.

After that, I moved to Karnataka to attend the National Institute of Technology, Karnataka and pursue a degree in Mechanical Engineering. I was there from 2002 to 2006.

One of the most commendable aspects of his education is that he did not receive postgraduate funding despite being a gold medalist and director at the Indian Institute of Management, Bangalore (IIM-B).

How did his career start?

Mr. Barua started his career with an internship that lasted for a period of time. This was at a time when he was working on his mechanical engineering degree and at the same time, he had traveled to the University of Maryland in the US in 2005.

There, Chahal began his career as a research intern on electronic packaging at CALCE Labs, where he worked for four months (May 2005 to August 2005).

In the years that followed, Sahil was a student at IIM-B and returned to London in 2007 for three months as a “Summer Associate at Bain & Company”.

However, all these positions were only internships and he did not get anything from them for his future career. Nevertheless, the education he received there was invaluable to him.

Additionally, she held a position at Bangalore-based fashion label Stayglad. However, in no time, he escaped this.

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Sahil Barua’s Entrepreneurial Journey?

There will be many ups and downs along the way, and a significant amount of work involved. Success doesn’t come overnight. As a result, his version of the success story is not as personal as others.

You’d never know that Chahal joined Bain & Company again in 2008, this time working as a full-time associate consultant after completing his master’s.

A year later, in June 2009, he was promoted to Senior Associate Counsel. After that, he shifted his focus to analyzing various industries such as private equity, telecommunications and healthcare.

Due to his continued efforts in relinquishing his duties, he was given the opportunity to be promoted to consultant in June 2010, at which time he was given a more clearly defined portfolio with a greater number of responsibilities.

It was during his tenure at Bain & Company that he became friends with Suraj Saharan and Mohit Tandon. In the midst of all this, he got the idea of ​​starting an internet business, and Suraj and Mohit being like minded, both went ahead with their venture into it.

Decided to start an e-commerce logistics company called Delhivery.

All three men developed friendships with Pankaj Shahada and Deepinder Goyal, the founders of Zomato. So, Abhishek and Goyal gave them a secret amount to carry out the venture.

That’s how they got their start in the business world and they set up their first corporate office in Gurgaon with a total of 10 employees, four of whom were delivery people. After a while, he formed alliances with nearby restaurants and started completing orders in half the time. bell

This strategy was successful as the Indian market did not have an adequate distribution system at that time. After the company was established, it achieved 400% growth in four years.

So, in a sense, his Delhivari model continues to dominate the market despite numerous competitors.

Sahil Barua Personal Life

Both Sahil’s personal and professional life are very similar to each other. He likes to keep a low profile and is very protective of his personal space.

His first order of business in the morning is to review the reports generated by the Management Information System (MIS), observe the shipments scheduled for distribution, and calculate the revenue received. Then, after finishing looking at the pending deliveries today, he will continue.

According to Sahil Barua, technology is crucial to achieving one’s goals and achieving success. However, he could not maintain his position on the computer screen for long. He finds it very useful to go around the room after every twenty minutes and engage in conversation with other members of the group.

History of Delhi

SSN Logistics Limited was the original name given to Delhivery in May 2011. Within the first few months of the company’s launch, residents of Gurgaon were able to use the company’s hyperlocal express delivery service to deliver food orders. And flowers will be delivered locally. While this was going on, the internet retailing and e-commerce business in India was expanding at a rapid rate, attracting a lot of interest from international investors.

The company’s founders, Barua and Tandon, were working as consultants at management consulting firm Bain & Company at the time. The founders were excited about the scale and potential of the business. Due to this, they came to the conclusion that career should be given priority.

In June 2011, Delhivari successfully launched its first e-commerce client, e-commerce fashion and beauty retailer Urban Touch. By August 2011, Delhivari had completely changed its business model to provide logistics services to various online retailers.

In March 2019, Delhiveri completed its most successful funding round by securing a $413 million investment from SoftBank.

In May 2021, Deliveryry disclosed that it had successfully closed a fundraising round led by Fidelity, raising an additional $277 million, bringing its total market capitalization to approximately $3 billion.

In August 2021, Delhivery acquired B2B logistics company Spoton Logistics for Rs 1,600 crore (US$200 million).

In December 2021, it acquired Transition Robotics Inc., a California-based company that manufactures unmanned aerial systems.

Ahead of the company’s initial public offering in May 2022, a total of 2,347 crore (US$290 million) investments were made by 64 anchor investors in Delhi.

Following the completion of its initial public offering (IPO) held in May 2022, Delhivery was publicly traded on BSE and NSE. The company was valued at 35,283 crores, which is equivalent to $4.4 billion.

Expansion of Delhi

In the past, Delhivery charged relatively low fees for deliveries. Their plan is for 500g packet transmission in the National Capital Region (NCR), 500g packet transmission to major cities and to Tier 2 and Tier 3 areas.

They started by visiting customers and inviting them to know more about their services. For the first year and a half, Delhivery asked customers and offered them a month of service for free.

Even their first-time customers were urged to take a chance on 30 packages every day, if they could keep their word, to 50, and eventually to whatever number they were comfortable with.

By the end of the year, the business was serving more than 500 shipments every day to its five e-commerce customers in the Delhi NCR region. They now had three centers around the Union Territory and their team size had expanded to 25.

Times Internet Limited’s fundraising marked the company’s 2012 launch, followed by the launch of fulfillment services with over 10,000 sq ft fulfillment facilities in Chennai and Delhi. At the same time, they also renamed their collection facilities!

They are now able to manage 75 customers and 53 vendors, expand their service area to 31 locations, process 50,000 shipments around the clock or every month, and ship more than 9,000 shipments per day.

They made several changes to their current IT and physical structure in 2013, similar to a turnaround phase, after receiving suggestions and feedback from their customers.

Customers were also 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.

The layout of the navigation system was developed by their engineering and technical teams working together.

They also released several technologies connected to commerce, including Vendor Group, Codem, and Falcon.

Later this year, Nexus Venture Partners raised an additional $5 million in a Series B investment round for Delhivery.

Delhivari currently serves more than 175 destinations in South Asia, the Middle East and India. They can now serve more than 800 customers and 25000 sellers, have 12 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, $85 million of which came in 2015. In less than 4 years, it has grown 400%.

Despite stiff competition from businesses like Ecom Express and QuickDel Logistics, Delhivery continues to dominate the market and generates huge sales of Rs. 220 crore in 2015.

Even more thrilling is that Delhivery is already breaking even month-on-month and is expected to reach full profitability by 2016.

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Content Source: Theancestory

Image Source: Google

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