Modulai vs Delhivery AI

Delhivery AI has a disclosed valuation of $3.5B, while Modulai's valuation is not publicly available, making a direct size comparison difficult. Delhivery AI employs 5000+ people.

Delhivery AI has raised more in total funding at $1.3B, compared to Modulai's $2M — a gap of $1.2B. Combined, the two companies have completed 6 known funding rounds.

Delhivery AI leads with an Awaira Score of 90/100, while Modulai sits at 30/100. That 60-point gap reflects real differences in funding, scale, and traction — it's not a vanity metric.

Modulai was founded by Carl Broms in 2018. Delhivery AI was founded by Sahil Barua in 2011. Visit each company's profile on Awaira for a full founder biography.

Modulai: Modulai develops AI systems for game optimisation and player behaviour analysis, using reinforcement learning and player modelling techniques to help game developers create adaptive game difficulty systems, balance in-game economies, and personalise player experiences at scale. The Stockholm company targets mobile and PC game studios seeking to improve player retention and monetisation through AI systems that respond dynamically to individual player behaviour patterns.\n\nThe company is early stage with seed-level funding from Swedish technology investors and angel backers with backgrounds in the gaming industry. Modulai has worked with Nordic game studios on player lifetime value prediction and dynamic difficulty adjustment systems that modify gameplay parameters in response to real-time player performance signals.\n\nModulai operates in the game AI market alongside companies including Modl.ai, Wluper, and the internal AI teams of large game publishers including Electronic Arts, Ubisoft, and Activision Blizzard. The intersection of machine learning and game development is growing as game companies recognise that AI systems can replace hand-tuned difficulty parameters and rule-based player progression with data-driven systems that optimise for long-term engagement. Sweden strong gaming industry heritage, including companies such as Mojang, King, and DICE, provides Modulai with a natural target client base and a talent pool with combined gaming and technical expertise. Delhivery AI: Delhivery is India's largest publicly listed logistics and supply chain services company, operating an AI-powered platform that coordinates end-to-end parcel delivery, freight forwarding, warehousing, and cross-border logistics through a combination of proprietary technology, owned infrastructure, and a partner network spanning over 17,000 PIN codes. The company's AI systems optimize route planning, dynamic pricing, capacity allocation, and network design across millions of daily shipments.\n\nListed on the NSE and BSE, Delhivery raised over $1B in equity funding prior to its IPO and commands a market capitalization reflecting its position as India's dominant third-party logistics provider. The company serves thousands of direct e-commerce, retail, and enterprise clients and processes hundreds of millions of shipments annually.\n\nDelhivery's scale in Indian logistics creates a data advantage that compounds — each additional shipment improves the AI models that drive route optimization, delivery time prediction, and network capacity planning. As Indian e-commerce continues to expand and logistics infrastructure investment intensifies, Delhivery's technology platform and network scale position it as the default logistics intelligence layer for the Indian supply chain. Delhivery AI operates in the Enterprise AI sector and is headquartered in India. Founded in 2011 by Sahil Barua, Delhivery AI has raised $1.3B in total funding, achieving a valuation of $3.5B as of its latest round. The company's funding journey includes a Seed of $37.5M in 2011, a Series A of $100M in 2012, a Series B of $225M in 2014, a Series C of $387.5M in 2015, a Series D of $500M in 2016. With approximately 5000+ employees, Delhivery AI has established itself as a Public-stage player in the Enterprise AI market. The company holds an Awaira Score of 90/100, reflecting its strong position across valuation, funding trajectory, team scale, and market influence. Delhivery AI competes in a rapidly evolving segment alongside other Enterprise AI companies. As part of India's growing AI ecosystem, Delhivery AI is positioned to capitalize on the region's expanding tech talent pool and enterprise demand. The Enterprise AI space has attracted significant investment in recent years, with companies racing to capture enterprise and consumer demand for AI-powered solutions.

Delhivery AI got there first, launching in 2011 — that's 7 years of extra runway. Modulai didn't arrive until 2018. In AI, that kind of head start means more training data, deeper customer relationships, and a bigger talent moat.

Modulai has about 1-50 employees; Delhivery AI has about 5000+. A bigger team usually means more revenue or heavier VC backing, but in AI, small teams can build at massive scale.

Yes — they're direct rivals. Both Modulai and Delhivery AI compete in Enterprise AI, targeting many of the same buyers. If you're evaluating one, you should be looking at the other.