Logistics firm Delhivery gears up to invest up to Rs 300 cr for expansion
According to news reports, Logistics firm Delhivery is all set up to invest up to Rs 300 crore in 18-24 months on expansion, including increasing fleet size and setting up of trucking hubs. The move is intended to meet the surge in demand for more organised players in the sector amid the COVID-19 pandemic. E-commerce boom is driving demand as more and more people are opting for online delivery.
The company is planning to add around 150 trucks to its fleet apart from launching trucking terminals in Delhi, Mumbai and Bengaluru as it sets eyes on clocking revenue close to Rs 7,000 crore in the next 24 months, up from Rs 2,800 crore last year.
The company will continue to invest behind growing our trucking network. In addition, they are also going to launch three of the largest trucking terminals in the country in Delhi, Mumbai and Bangalore, as per reports. Established in 2011, Delhivery will continue to grow its fleet with Volvo and other partners. Their fleet all put together is 300 vehicle and they are planning to expand it to about 400-450 vehicles over the next 18 months.