Delhivery, India's largest and fastest-growing fully-integrated logistics provider, has launched its guaranteed same-day delivery (SDD) service in 15 key cities in India. This new service will enable D2C brands to deliver their webstore orders-on the day the order is received.
The solution will significantly enable D2C brands' growth along two fronts. Firstly, the faster delivery - in a few hours - will improve the consumer experience and, thereby, brand loyalty. Secondly, the faster delivery time will reduce the return rates, improving the brands' margins.
Delhivery will partner with brands and identify fast-moving SKUs, which will be stocked in warehouses within the city, close to the end consumer. When a consumer places an order on the brand's webstore, Delhivery's technology will show the fast-moving SKUs available for the "guaranteed" same-day delivery. After the order is placed, Delhivery's technology wili allocate the consumers' orders to the nearest in-city warehouse. Orders received as late as 3 pm will be delivered on the same day.
Commenting on the announcement, Ajith Pai, Chief Operations Officer, Delhivery, said, "We consistently innovate with technology-led solutions. This solution will enable D2C brands to leverage our technology and supply chain capabilities to meet the evolving needs of their consumers."
Shares of Delhivery Limited was last trading in BSE at Rs. 466.55 as compared to the previous close of Rs. 492.10. The total number of shares traded during the day was 38903 in over 3339 trades.
The stock hit an intraday high of Rs. 490.40 and intraday low of 457.80. The net turnover during the day was Rs. 18645769.00.