Delhivery, a Gurugram-based logistic startup has reported its net loss narrowed to Rs 68 crore in the  fourth quarter. The company previously had a loss of Rs 159 crore but the total income of the company increased from Rs 1,934.2 to Rs 2,194.5 crore. The company helps sellers and buyers have safe delivery  experiences across India.  

The company’s net loss for the full year declined to Rs 1,007 crore from Rs 259.2 crore. The CEO and  managing director of Delhivery, Sahil Baura said that this year was very crucial for the team. The  company has delivered consistent service levels, improved profitability, and completed more than half  of the planned long-term capital investments. Delhivery has achieved the working capital  improvement, he added. The startup also saw an increase in Express Parcels shipment by 11% as it  went to 740 million from 663 million in FY23. The company offers real-time monitoring updates about  the delivery of products.  

The incorporation of a wholly-owned subsidiary for manufacturing drones and shipment of goods  through air transport services has been approved by the board. The company covers over 19,000 pin  codes in India. This Gurugram-based startup is planning to scale up its operations, enhancing its technologies and research centers. The company aims to build operating systems for commerce,  through a combination of world-class infrastructure, and logistics operations of the highest quality  using its best-in-class cutting-edge engineering and technology. Delhivery calculates the volumetric  weight and compares it with the actual weight before deciding the fees, so these aspects directly  influence the shipment cost. 

Delhivery has known clients in this industry including Softbank Group International, Bharti Airtel Ltd.,  OYO, IndusInd Bank, and more. Delhivery is India’s largest Fully integrated logistic provider, It uses cutting-edge technology and engineering to offer the best services to its clients and customers.  Delhivery is focusing on expanding its services through its innovative technology. The company also offers solutions backed by advanced analytics and is focused on enhancing customer experiences through cost reduction and asset productivity. The platform helps an individual to connect over  services to track their package across India.

Conclusion: 

Delhivery reported a narrowed net loss to Rs 68 crore. Delhivery has known clients in this industry  including Softbank Group International, Bharti Airtel Ltd., OYO, IndusInd Bank, and more. The  incorporation of a wholly-owned subsidiary for manufacturing drones and shipment of goods through  air transport services has been approved by the board. Delhivery is focusing on expanding its services  through its innovative technology. This Gurugram-based startup is planning to scale up its operations,  enhancing its technologies and research centers.

The company aims to build operating systems for  commerce, through a combination of world-class infrastructure, and logistics operations of the highest  quality using its best-in-class cutting-edge engineering and technology. The company offers a platform  that has thousands of vehicles, storage facilities, hyperlocal riders, and various distribution centers  across India. The company also offers solutions backed by advanced analytics and is focused on  enhancing customer experiences through cost reduction and asset productivity. The platform helps an  individual to connect over services to track their package across India.