Subscribe to enjoy similar stories. Listed third-party logistics player Delhivery Ltd expects its one-month-old rapid commerce business to generate revenue in the range of ₹80-100 crore by the end of the current fiscal year, underscoring the growing demand for ultra-fast deliveries in India’s e-commerce landscape, co-founder and chief executive officer Sahil Barua, said on Friday. The Gurugram-based courier company rolled out Rapid Commerce, a sub-2-hour delivery service, in January.
It is specifically designed to help direct-to-consumer brands, and e-commerce platforms reduce delivery timelines and improve customer experience. “Rapid Commerce is an add-on product for the top eight cities [designed] for specific customers and SKUs [stock-keeping units]. I expect that this business will add maybe somewhere between 80 and 100 crore [rupees] of revenue to Delhivery through the financial year.
And the margin structure will broadly be similar to the express business as a whole," Barua said during the third-quarter earnings call. “It's an interesting business. It's a good capability for Delhivery to build.
It helps us serve our D2C customers and their customers much better," Barua added. The service is live in Bengaluru, Hyderabad and Chennai and is scheduled to add another 15 clients by the end of the next quarter. Competition in quick commerce is heating up, prompting players to increase investments in expanding dark stores and hiring more personnel to keep delivery timelines short.
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