Delhivery Limited — Others, 15-05-2025: Monitoring Agency Report

Delhivery has announced a board meeting to consider the financial results for the quarter and half-year. The latest report from Axis Bank confirms that Rs. 523.5 Cr raised through the IPO has been properly used, mainly for organic growth, network expansion, technology upgrades, and strategic acquisitions. About Rs. 295.46 Cr has been spent so far, with Rs. 93.17 Cr kept in fixed deposits earning steady returns. The disciplined fund utilization supports Delhivery’s growth plans without any delays or significant changes.