Magellanic Cloud Aims to Reshape India's $317 Billion Delivery Market with Innovations

livemint.com:

New Delhi (India), April 22: The Indian e-commerce sector is witnessing a meteoric rise, fuelled by millions of new internet users and soaring smartphone ownership. While online shopping has become mainstream, a key challenge persists: an efficient delivery and logistics network. Traditional methods struggle with inefficiency and high costs, hindering the smooth flow of e-commerce.

With the market poised to reach $545.6 billion by 2030, growing at a CAGR of 9.46%, companies are strategizing to capitalize on this burgeoning opportunity. Among them, Magellanic Cloud (BSE: MCloud), a prominent player in the IT software industry, is making bold moves through its subsidiary, Scandron, to revolutionize the logistics market with automation and drone technology and capture a significant share of this flourishing $545 billion segment. “Magellanic Cloud’s foray into the logistics sector with Scandron comes at a pivotal moment, and Scandron is uniquely positioned to capitalize on this opportunity" said Mr.

Joseph Thumma Reddy, the CEO of Magellanic Cloud. The drone logistics and transportation market is projected to experience a CAGR exceeding 20% by 2025, with Southeast Asia and Pacific Asia at the forefront of this growth. With the distinction of securing India's first DGCA-type certification for logistics & cargo drone, Scandron gains unparalleled access and credibility in the market.

This early mover advantage, according to Mr. Reddy, will enable Scandron to carve out a robust market presence swiftly, establishing itself as the go-to solution provider and capture a sizeable portion of the customer base before competitors can catch up. According to Mr.