Published: Publication date – 19:03, Mon – 24 Jan 22
Hyderabad: Hyderabad is a key location for Delhivery, a third-party express logistics parcel delivery company, both in terms of logistics business and technology development.
A source said: “Technology development teams in Hyderabad and Seattle have been actively engaged in the development of Delhivery’s SaaS platform. In addition to technological development, Hyderabad is a key logistics hub and geographically at the heart of the country connecting the south, east and west. The city is an important transit point.
Pan-India Delhivery held a 20% market share of global e-commerce volumes (including captive players) for the first quarter of FY2022. Express delivery segment was driven by e-commerce growth and rising customer expectations. for the speed of delivery.
The company has delivered more than one billion express parcel shipments since its incorporation. The company’s shipment volume increased from 148.49 million orders in fiscal year 2019 to 289.20 million orders in fiscal year 2021 on an annual basis, representing a CAGR of 40 %. In the three months ended June 30, 2021, the company delivered 101.69 million shipments.
The company’s customers include e-commerce marketplaces, e-commerce vertical retailers, D2C brands, omnichannel retailers, SMBs, banks and financial institutions.
The source added that Delhivery’s express parcel delivery network now serves the majority of PINs in India and sees opportunities to cater to overseas markets such as Bangladesh and Sri Lanka. To grow its business, the company made acquisitions in automation and drone companies.
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