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Delhivery to invest Rs 300 cr over two years towards expansion

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.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 to clock revenue close to Rs 7,000 crore in the next 24 months, up from Rs 2,800 crore in 2019. The company‚Äôs total capital investment is going to be in the range of Rs 250-300 crore. The company owns a fleet of 300 vehicles. It will be expanding to about 400-450 vehicles over the next 18 months. 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.Currently the company is doing about 1.5 million orders a day in its express business. It also handles close to about 3,000 tonne of cargo a day. That’s nearly 50 per cent higher than 2019.