Logistics giant Delhivery saw its shares rise by 3.02% to INR 335 during intraday trading on the BSE today (January 16), following the launch of a two-hour delivery service for brands. The company’s market valuation climbed to INR 24,660 Cr, with a trading volume of 15.42 lakh shares by 1:40 PM.
The pilot program, currently running in Bengaluru, is already processing over 300 orders daily. Delhivery plans to extend this rapid delivery service to other major cities, including Hyderabad, Chennai, NCR, Mumbai, Pune, and Ahmedabad in the coming months.
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Founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati, Delhivery specializes in transportation, supply chain, and logistics solutions. Competing with major players like Xpressbees, Blue Dart, Flipkart’s Ekart Logistics, and Amazon Shipping, the company is setting its sights on the growing demand for rapid delivery services.
“Rapid commerce enables leading D2C brands to deliver a better customer experience and strengthen loyalty. By leveraging our shared in-city Rapid Stores, brands can offer consumers faster access to a wide range of products at competitive costs,” said Ajith Pai, Chief Operating Officer at Delhivery.
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This new service is designed to cater to brands across categories such as beauty, personal care, fashion, electronics, and accessories—industries that typically rely on standard e-commerce delivery timelines. With this move, Delhivery aims to help brands provide near-instant gratification to customers, delivering products within hours of an order being placed.
