NEW DELHI: Logistics firm Delhivery is planning to invest up to Rs 300 crore in 18-24 months on expansion, including increasing fleet size and setting up of trucking hubs, in order to meet increased demand for more organised players in the sector in the wake of COVID-19 pandemic, according to a top company official. The company is planning to add around 150 trucks to its fleet apart from launching trucking terminals in Delhi, Mumbai and Bengaluru as it sets eyes on clocking revenue close close to Rs 7,000 crore in the next 24 months, up from Rs 2,800 crore last year.
"Our total capital investment over the next 18-24 months is going to be in the range of Rs 250-300 crore. We will continue to invest behind growing our trucking network. We are going to launch three of the largest trucking terminals in the country in Delhi, Mumbai and Bangalore," Delhivery Chief Executive Officer & Co-Founder Sahil Barua told .
The supply chain services firm which started in 2011 will continue to grow its fleet with Volvo and other partners.
"Our own fleet all put together is 300 vehicles. We will expand that to about 400-450 vehicles over the next 18 months," Barua said, adding the company's partner fleets, wherein a large number of other operators work with it, operate with close to 5,000-7,000 vehicles daily.
When asked about the impact of the pandemic, Barua said, from the company's standpoint, the COVID-19 impact does exist.
"The reality is that there has been an increasing shift of companies who want to work now with more organised players in logistics. Earlier the industry was more unorganised. So for companies like Delhivery, we have been able to grow our businesses in this period because more demand has come," he said.