Hotline: 1800 102 2007
Hotline: 1800 102 2007
Aug, 24 2020

Delhivery eyes at investing up to Rs 300 cr for expansion

With this investment, the supply chain services firm is eyeing to add around 150 trucks to its fleet besides opening trucking terminals in Delhi, Mumbai and Bengaluru.

By Features Writer
Delhivery eyes at investing up to Rs 300 cr for expansion

Delhivery is looking at investing up to Rs 300 crore in the next 18-24 months for expansion. The logistics firm plans to increase fleet size and set up trucking hubs. The development comes in a bid to meet the increased demand for more organised players in the sector due to the COVID-19 pandemic.

With this investment, the supply chain services firm is eyeing to add around 150 trucks to its fleet besides opening trucking terminals in Delhi, Mumbai and Bengaluru. The company aims to clock revenue close to Rs 7,000 crore in 24 months, up from Rs 2,800 crore in 2019.

Sahil Barua, Chief Executive Officer & Co-Founder, Delhivery, said, “Our total capital investment over the next 18-24 months is going to be in the range of Rs 250-300 crore. We will continue to invest in growing our trucking network. We are going to launch three of the largest trucking terminals in the country in Delhi, Mumbai and Bangalore.”

Started in 2011, Delhivery will be continuing to increase its fleet with Volvo and other partners.

“Our own fleet all put together is 300 vehicles. We will expand that to about 400-450 vehicles over the next 18 months. The company's partner fleets, wherein a large number of other operators work with it, operate with close to 5,000-7,000 vehicles daily,” Barua added.

At present, the company is doing about 1.5 million orders a day in its express business. It further handles close to about 3,000 tonnes of cargo a day. Delhivery expects to grow its revenue by at least 35-40% this year.

Barua further stated, “We did about Rs 2,800 crore of revenue last year. We expect to grow at least 35-40 per cent this year. At this point, we are trending higher than that but we will end up around 40 per cent higher than last year. We expect to reach close to Rs 6,000-7,000 crore of revenue in the next 24 months.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Millennium Path Lab   Millennium Path Lab is India’s Most advanced, fully..
    Locations looking for expansion Maharashtra
    Establishment year 1979
    Franchising Launch Date 2015
    Investment size Rs. 50lac - 1 Cr.
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Thane Maharashtra
  • Others Health Care & Fitness
    About Us: SmartSewa, established in 2016, works in preventive/primary healthcare space,..
    Locations looking for expansion Haryana
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Kids & Children Clothing
    Funky Collections is your one-stop shop for all football, biking..
    Locations looking for expansion Haryana
    Establishment year 1990
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Furniture/Home Decor & Furnishing
    ·         ARRIAVE is India’s 1st full home cu..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities