D2C brands add to logistics volumes
E-commerce logistics industry to cross 10 bn shipments by FY28
image for illustrative purpose
New Delhi: India’s e-commerce logistics industry saw total shipments reaching to 4 billion in FY23, riding on new categories, direct-to-consumer (D2C) brands along with continued growth in smaller cities, a report showed on Tuesday.
India’s e-commerce logistics space is on track to comfortably exceed 10 billion shipments by FY28 at a minimum compound annual growth rate (CAGR) of 20 per cent, according to the latest report by Redseer Strategy Consultants. Despite intensifying competition threats, Delhivery remains the largest player in the e-logistics space by a comfortable margin.
“Despite funding headwinds in e-commerce/internet sectors, there are multiple pockets of high growth and high yield opportunities available for e-logistics players, be in D2C or large goods or non-ecommerce segments,” said Mrigank Gutgutia, Partner, Redseer Strategy Consultants.
