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Logistics

Delhivery to set up trucking hubs in DEL, MUM & BLR, expand fleet size to 450

August 26, 2020: Logistics firm Delhivery is planning to invest up to Rs 300 crore in next 24 months to expand its fleet size to 450 vehicles from the current 300, launch trucking terminals in Delhi, Mumbai and Bengaluru and generate revenue of Rs 7,000 crore in the next 2 years, compared to Rs 2,800 crore last year.

The company reported Rs 2,800 crore revenue last year and now expects to grow at least 35-40 percent towards Rs 6,000-7,000 crore revenue in the next 24 months.
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The company reported Rs 2,800 crore revenue last year and now expects to grow at least 35-40 percent towards Rs 6,000-7,000 crore revenue in the next 24 months.

August 26, 2020: Logistics firm Delhivery is planning to invest up to Rs 300 crore in next 24 months to expand its fleet size to 450 vehicles from the current 300, launch trucking terminals in Delhi, Mumbai and Bengaluru and generate revenue of Rs 7,000 crore in the next 2 years, compared to Rs 2,800 crore last year.

"When asked about the impact of the pandemic, Delhivery chief executive officer & co-founder Sahil Barua said that from the company's standpoint, the Covid-19 impact does exist," reported Business Today.

The company reported Rs 2,800 crore revenue last year and now expects to grow at least 35-40 percent towards Rs 6,000-7,000 crore revenue in the next 24 months.

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