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Award given to startup displaying greatest growth over the last year, with potential to become a blue-chip corporation
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Jury consisted of India’s top business leaders, investors and entrepreneurs, including Amitabh Kant, Chief Executive Officer, NITI Aayog, and was led by Uday Kotak, Managing Director of Kotak Mahindra Bank
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Delhivery processes more than 500,000 parcels a day, with an extended team of over 50,000 people, and is valued at over $1.5 billion
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Sahil Barua, IIMB alumnus of the 2006-08 batch of the two-year full-time MBA programme, was a gold medallist for all-round performance
22 July, 2019, Bengaluru: It is a matter of great pride for IIM Bangalore that Delhivery, an entrepreneurial venture started by Sahil Barua, IIMB alumnus of the 2006-08 batch of the two-year full-time MBA programme – Post Graduate Programme in Management (PGP), has been recognized by the ET Startup Awards 2019 as the ‘Startup of the Year’. This award recognizes the best of Indian entrepreneurship.
The ET Startup Awards are given out in eight categories, including the ‘Startup of the Year’, which is awarded to the startup that has displayed the greatest growth over the last year and has the potential to become a blue-chip corporation.
The jury consisting of India’s top business leaders, investors and entrepreneurs, including Amitabh Kant, Chief Executive Officer, NITI Aayog, and led by Uday Kotak, Managing Director of Kotak Mahindra Bank, had met on July 19 (Friday), 2019 in Bengaluru.
While Phase 1 of the award in March 2019 consisted of inviting nominations from the startup community, Phase 2, during May 2019, dealt with shortlisting of the nominations by ET editors and knowledge partners. Phase 3 in July 2019 comprises the jury meet − review of the shortlisted nominations by a closed-door jury, and selection of winner for each of the eight categories. August 2019 will see Phase 4, which is the award ceremony.
ET reports: “Delhivery garnered praise for its outsized impact in alleviating one of India’s biggest challenges – a fractured logistics network as well as for the entrepreneurial flair exhibited by Co-founder and CEO, Sahil Barua.”
During his IIMB years, Sahil was a gold medallist for all-round performance in his batch. He joined Bain & Company after completing his PGP. In three years, he decided to become an entrepreneur and set up Delhivery, along with a few like-minded colleagues. They started as a food delivery start-up in Delhi area and today, are among the top national logistics players. Delhivery processes more than 500,000 parcels a day, with an extended team of over 50,000 people, and is valued at over $1.5 billion.
Sahil continues to engage with his alma mater and is a speaker in many events of IIM Bangalore such as the annual student-run business and innovation fest Eximius and the alumni-driven thought leadership summit IIMBue.