Logistics company Delhivery reported a consolidated net loss of Rs 103 crore in the second quarter ending 30 September 2023, marking a reduction from the Rs 254 crore net loss in the corresponding period last year, as per a regulatory filing. Total income increased to Rs 2,042.98 crore from Rs 1,883.38 crore in the previous […]
The domestic direct-to-consumer (D2C) market is forecasted to experience a Compound Annual Growth Rate (CAGR) of 40%, reaching a Gross Merchandise Value (GMV) of USD 35 billion by 2027, according to a report by Redseer Strategy Consultants released on Friday. Third-party logistics providers (3PLs) are identified as significant beneficiaries of this growth. By 2027, the […]
Delhivery, a logistics services provider on Saturday announces to make a strategic investment in Vinculum, a global software enabling omnichannel retailing for D2C enterprises, brands, brand distributors and quick commerce companies. The investment is the first part of a potential 2-stage deal that provides Delhivery with the option to further increase its shareholding in the […]
Delhivery, a logistics company on Friday reported an increase of 32 per cent year-on-year (YoY) in consolidated net loss at Rs 158.6 crore in the quarter that ended on 31 March 2023, compared to Rs 119.8 crore the previous year in the same quarter. The company’s revenue declined by 10 per cent YoY at Rs […]
India’s leading logistics provider Delhivery on Tuesday said it has partnered with software solution provider eSamudaay to enable rural businesses to scale by serving customers across India. The coming together of ONDC network partners Delhivery and eSamudaay effectively broadens the footprint of local products and aligns with the government’s Make in India for the world, […]
Delhivery has grown its involvement with several D2C businesses, including The Souled Store, a casual apparel brand, and Nestasia, a home-decor firm, the company said in a regulatory filing on Monday. While Nestasia and The Souled Store employed Delhivery’s express parcel services at first, both now use Delhivery’s enormous warehouse network and supply chain skills […]
Delhivery and the Good Glamm Group collaboratively identified improvement areas in both networks to implement tailored supply chain solutions The Good Glamm Group, South Asia’s content-to commerce conglomerate, has further extended its partnership with Delhivery, India’s fully integrated logistics provider, to implement end-to-end supply chain solutions and increase its customer satisfaction, as per the regulatory […]
The Open Network for Digital Commerce (ONDC), an initiative of the Department of Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce, Government of India, has opened its network to consumers and sellers in Meerut city from December 22. ONDC said Meerut has been strategically selected for beta testing as it shows great promise […]
