Delhivery Tests Autonomous Logistics Drone In Deoria, Boosting Rural Connectivity
Delhivery successfully tests its autonomous VTOL logistics drone in Deoria, demonstrating faster rural connectivity and marking a major step in next-gen delivery
Delhivery successfully tests its autonomous VTOL logistics drone in Deoria, demonstrating faster rural connectivity and marking a major step in next-gen delivery
The company notes that overall revenue retention from the acquisition is currently trending ahead of plan
The company’s total income has increased to Rs 2,423.89 crore in the first quarter of the current fiscal year from Rs 2,282.21 crore in Q1FY25
The service offers pickups within 15 minutes of booking for local deliveries using two-wheelers for parcels as well as three and four-wheeler vehicles for larger consignments
The deal involves Delhivery acquiring at least 99.44 per cent of the equity and preference shareholding (on a fully diluted basis) in Ecom Express
The companies state that the proposed transaction will enable them to better serve their customers through continued investments in infrastructure, networks and people
The company states that Barua has confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter
The company highlights that this acquisition is also expected to foster growth within the vendor ecosystem in the country
Influencer-driven purchases and mobile-first shopping trends fuel demand as tier 2 cities show impressive growth As the festive season approaches, ecommerce in India is set for nearly 20 per cent growth, according to a new report by logistics company Delhivery. The report draws on data including over 125 million shipments from last year’s festive season. […]
Delhivery posted its first-ever quarterly profit since listing on Friday, helped by healthy demand for online shopping during the festive season. Consolidated profit for the three months ended 31 December was Rs 11.71 crore compared with a loss of Rs 196 crore a year earlier, the company said in an exchange filing. “We are satisfied […]