[5] Delhivery was established in May 2011 as SSN Logistics Ltd, initially conceptualised as a hyperlocal express delivery service provider for offline stores, delivering flowers and food in Gurgaon.

[6][7][8] During that time, the online retailing and e-commerce segment was expanding rapidly in India, with global investors showing significant interest in the industry.

[12] In May 2021, Delhivery revealed it has further raised $277 million in a funding round led by Fidelity, taking its market valuation to nearly $3 billion.

[14] In December 2021, it acquired California-based unmanned aircraft system company Transition Robotics Inc.[15] Delhivery raised ₹2,347 crore (US$270 million) of funding from 64 anchor investors ahead of its initial public offering in May 2022.

At the same time, Ajith Pai, who was the CFO, took over the role of COO where he is in charge of the operations, engineering, HR, and finance of the company.