Delhivery plans to increase organic and inorganic expansion after IPO

As per the executive director and Chief Business officer of leading logistics startup Delhivery- Sandeep Barasia, the startup via organic and inorganic investment will continue to expand further in India.

The Initial Public Offering of the delivery startup,

will open for subscription on May 11. Barasia also told that the company also eyes markets outside India as an opportunity for further growth. On Thursday, the delivery startup in a press announcement said, the subscription window of the Initial Public Offering will close on May 13. The company has fixed a price band of Rs 462-487 per share.

The Executive Director, in a press statement, said, “We have a very large addressable market as I have talked about multiple times. We will continue to double down on the addressable market. Today at Rs 5,000 crore of revenue for the first nine months of FY22, we are still at less than half a percent of the $300 billion market opportunity we have. (Our) M&A philosophy is about looking at businesses that will add immediate scale to the company in one of our core businesses or that add the distinct capability to the business that we would like to build on. That is what we have done in the past. Spoton for example added a huge amount of scale very quickly to the part truck load business and pushed us up to the number two position in the market.”