Delhivery Partners Teamglobal To Ace Ocean Freight Offerings

In an effort to streamline logistics requirements for businesses engaged in global trade, logistics major Delhivery has partnered with Teamglobal Logistics to offer ocean freight services, focused on both inbound and outbound logistics.

This partnership will extend Delhivery’s Less than Container Load (LCL) service to over 120 countries. In return, Delhivery will offer its in-land Part Truckload (PTL) shipping solution to Teamglobal within India, covering more than 18,700 pin codes, the company said in a statement.

Founded in 2005, Teamglobal is an integrated logistics provider headquartered in India, specialising in Less than Container Load (LCL) shipments. The company offers services across sea freight, air freight, project cargo transportation, cargo terminals, and coastal shipping, with 18 offices in India, Bangladesh, Kenya, and Tanzania.

Navneet Khandelwal, senior director, Global Operations at Delhivery, said, “We are thrilled to partner with Teamglobal who are leaders in the Less than Container Load shipping and pass the benefits of this partnership to our enterprise and SME customers across India.”

Sujit Baral, vice president at Teamglobal, stated, “We look forward to the partnership given our mutual ground for process excellence and technology-enabled customer experience.”

The partnership will offer an integrated solution for Indian businesses, solving the traditional challenge of coordinating with multiple service providers for cargo transportation to and from global destinations. 

Delhivery further said that the partnership will also address the challenge faced by businesses in finding a national-level service provider to support their ground transport requirements, the report added.

The company further mentioned that the integrated network of express and freight solutions, backed by tech-enabled tracking and in-house regulatory clearance facilities, will drive growth for businesses aiming to trade internationally.

This announcement follows closely after the logistics unicorn approved the allotment of 6.15 Lakh equity shares as part of its employee stock option plan. Founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati, Delhivery operates as a transportation, supply chain, and logistics provider. 

It faces competition from Xpressbees, Blue Dart, Flipkart’s Ekart Logistics, and Amazon Shipping.

Meanwhile, the startup reported a net profit of INR 54.3 Cr in FY25 Q1, against the net loss of INR 89.4 Cr in Q1 FY24. Its revenue from services grew 13% year-on-year to INR 2,172 Cr in Q1 FY25 from INR 1,930 Cr in Q1 FY24.