Delivery's revenue could be attributed to only a handful of clients. While delivery hasn't specified its top clients, it would be safe to ume e commerce giants amazon and flipcart feature on that list. The company may boast over 21 thousand customers, but over forty one % of its revenues come from just five entities. And if this trend manifests across the country, it could spell trouble for delivery. But even if the big guns built out their own infra structure, delivery could perhaps bet on the rise of d to c brands to plug the demand gap.
In today’s episode for 12th November 2021, we discuss the story behind logistics startup Delhivery as they start working on a massive ₹7,460 crores IPO.