Delhivery’s Ecommerce Shipment Market Share Drops In FY23, To Fall Further Till FY30: Bernstein

Delhivery’s Ecommerce Shipment Market Share Drops In FY23, To Fall Further Till FY30: Bernstein

SUMMARY

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.

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