Stock Report

Delhivery launches LocateOne - a Location Intelligence Solution for Businesses, expands its OS1 Software Suite

Posted On : 2023-09-14 15:02:27( TIMEZONE : IST )

Delhivery Ltd, India's largest, fully integrated logistics services provider, has announced the launch of 'LocateOne' - a location intelligence solution, to expand its software offerings on the OS1 platform. Earlier this year, the company had released 'DispatchOne' - a delivery management solution, as the first offering on OS1.

OS1 offers a full suite of software solutions for businesses to run their logistics and supply chain operations efficiently. Developed in-house, the OS1 platform is backed by Delhivery's 10+ years of experience in building cutting-edge technology solutions for logistics.

With this launch, the software platform now offers two solutions: 'LocateOne' and 'DispatchOne'.

LocateOne is an API-based location intelligence stack that enriches inaccurate and poor-quality address data, improves rooftop accuracy, and helps reduce address fraud across businesses in Retail, CPG, eCommerce, Fintech, Banking, and Financial Services. It is built on top of Delhivery's patented address disambiguation and address identification technology.

DispatchOne is a SaaS-based delivery management solution for CEP (Courier Express Parcel) players and businesses in FMCG, Consumer Durables, Retail, and Manufacturing to optimize delivery and distribution operations. It enables businesses to get centralized, real-time visibility across orders and reduce operational costs through optimal resource utilization.

Speaking on the announcement, Kapil Bharati, Chief Technology Officer and Executive Director, Delhivery, said, "In line with our vision to become the operating system for commerce, we are thrilled to add more solutions to the OS1 platform. In our journey of 10+ years in logistics, we have built these solutions in-house with a deep understanding of the day-to-day challenges faced by operators. OS1 is a great opportunity for businesses to leverage our validated solutions and achieve operational excellence without having to reinvent the wheel."

"LocateOne is built with our learnings from having delivered 2+ billion shipments across 18,500+ pin codes. This ground-level data is further reinforced by our machine learning algorithms to provide precise location insights via LocateOne," said Kshitij Chopra, Head - Product, OS1. "DispatchOne, on the other hand, is an indispensable tool for companies looking to automate and optimize their last-mile delivery operations," he added.

Shares of Delhivery Limited was last trading in BSE at Rs. 429.70 as compared to the previous close of Rs. 417.50. The total number of shares traded during the day was 27080 in over 912 trades.

The stock hit an intraday high of Rs. 433.00 and intraday low of 418.05. The net turnover during the day was Rs. 11567758.00.

New solutions being developed, tested, and deployed by Delhivery in its operations will also be made available on OS1. To learn more, please visit www.getos1.com