Delhivery’s market share in ecommerce shipments dropped to 21.5% in the financial year 2022-23 (FY23) from 23% in FY22, Bernstein said in a report
The logistic startup’s market share is expected to fall further to 19% by FY30, the brokerage firm said
Bernstein said that the growth and margin disappointments after Delhivery’s IPO are a case of poor execution and will serve as a red flag when evaluating the company
Gurugram-based logistics startup Delhivery’s market share in ecommerce shipments dropped to 21.5% in the financial year 2022-23 (FY23) from 23% in FY22, according to a report by brokerage firm Bernstein.
The logistic startup’s market share is expected to fall further to 19% by FY30, the brokerage was quoted as saying in a report by ET.