Delhivery’s Volatile 2023 In 6 Frames

[{"selector":"#anim-cb422a89-42e2-4c8c-9759-75c0d731f234","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3fb99f84-4ae4-4a8d-9661-577e10ad257e","keyframes":{"transform":["translate3d(-121.59092%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-21aeda78-5b77-4879-9143-788bc71149ba","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Delhivery increased its footprint as pin-code reach increases to 18,655 by Q2 FY24 end while express delivery centers increase to 3,412 by the same period, growing over 17% YoY

[{"selector":"#anim-292eafb5-95f7-43e2-b50e-f780e0fd0ea1","keyframes":{"transform":["translate3d(142.27273%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6335ec4f-6d8c-413e-8d42-eb7cf3ed8fa8","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-151eee58-c507-4d84-b0e2-9be4204b2528","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-4c2a29d7-fdc2-47a4-a3ff-6d02d615032c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eedb1f4c-7a6e-4ab7-817c-d49c9e23f34b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-35.67991831842022%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7225059c-8b31-4869-8ea2-e70a10cb1458","keyframes":{"transform":["translate3d(-141.81819%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8baf0b69-f599-4ad7-8fe1-e24ea165dedb","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-93606640-7d3c-4f74-8a17-d5c7a8352bee","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Acquires an additional 4.75% stake in warehouse automation startup Falcon Autotech for INR 52.11 Cr

[{"selector":"#anim-20c5d567-de96-463f-9899-b29cbd43319a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-29.030340311892417%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-456ca5d7-ac21-401e-bbc6-8e85297f0311","keyframes":{"transform":["translate3d(-141.81819%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c3db7923-d4f4-4e14-9ab6-ad6bc7fbc552","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1a75dc64-d102-4819-8763-7799a5e1a078","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-daea3c6a-a886-4a1e-82fe-15b29458f2c4","keyframes":{"transform":["translate3d(142.27273%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3e11725a-4bee-4673-ba98-b77c593dcb26","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7d5f5133-7a5e-462d-8e6e-818fde195c7f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-95ff1506-bc9d-4558-b45c-7024422d0ac2","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Carlyle Group, Tiger Global, and SoftBank together offload shares worth INR 2,748 Cr in 2023

[{"selector":"#anim-346a59bc-3fd9-4d29-a91c-48fc19da3c5e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.99810298619873%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c36fd804-28bb-4109-bb4c-1cb6aa067767","keyframes":{"transform":["translate3d(-141.81819%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5281611d-15c6-4b4d-876f-b1ba3d8376b7","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2677518a-d14d-4719-a134-b32dc42e21d8","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-d880cd37-2ef7-4930-abfd-94e6bfc35759","keyframes":{"transform":["translate3d(142.27273%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d2f522ff-6a41-46e4-9e90-de56b08a8d7b","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0da02543-c810-4196-bdeb-839f16691557","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-1772dee7-cd75-408b-8858-f7ce7ff222f8","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Delhivery approached NCLT against the airline company, alleging that the airline deliberately took payments from it despite heading towards insolvency

[{"selector":"#anim-776d2e0b-965f-4207-93d8-848feb336796 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-32.18320493705063%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-aa671873-b5a0-495b-9735-fe22d21f261d","keyframes":{"transform":["translate3d(-141.81819%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f2aed538-a25b-4a42-a5c7-5688a85bca5a","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3cca5e8d-b27e-451c-bb6c-e156232a8001","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-cbe32616-a7ab-415b-b6ad-ac2fb1abaf57","keyframes":{"transform":["translate3d(142.27273%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-197accc1-4042-4ee6-9e9d-c5cf5ba85889","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8525245f-d80e-44f0-b7d2-72d6fd5a162a","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-1bea3ac2-198e-4ffd-802c-4ed64dbe0e68","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Launched a mega-gateway in Bhiwandi, one of India’s largest trucking terminals

[{"selector":"#anim-89457e57-596c-4e51-a3c6-2cdfa7848061 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-37.94388458815441%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-6ad49563-3bcd-4352-97ee-1c869d3c84dd","keyframes":{"transform":["translate3d(-141.81819%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-443ff4a5-ca3f-46e7-ab7d-ede4e0309d2a","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-95d95de9-fe09-416d-a7c1-c8f25c882050","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-5a199951-169f-4ebe-9684-571a8c85a29c","keyframes":{"transform":["translate3d(142.27273%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8834ab11-7703-4b73-96c1-e70fd31a10e3","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58764698-b77b-40a0-bc49-94b4a449f82a","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-ffe22ec4-b6e9-4ba1-871c-29bbb17eb5a2","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

With business expansion, these two cost buckets continue to surge and remain a major pullback in Delhivery’s path to profitability

[{"selector":"#anim-3700e3b1-41f7-47a7-b5d0-81f0740baea6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-36.7533570303808%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-23dc7e1d-83de-46e9-bda1-c0954cadb488","keyframes":{"transform":["translate3d(-141.81819%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c1609e23-1fe6-4f41-abb1-412a3e4ddeac","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e42f76c-b566-4a55-95f6-157983d5a65a","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-1e5f8974-09a5-460b-af42-dd364970a823","keyframes":{"transform":["translate3d(142.27273%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bc8bc404-8654-4e6c-ba7d-84937250f061","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-91d79e83-c673-4916-9594-e82d4dabfea5","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-505b5497-dd77-44e5-905b-75a842884d3b","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

2023 Year-In-Review: Delhivery’s 2023

[{"selector":"#anim-5d5d8b2d-7d0e-47ce-83e0-4ea772e73fee","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9f51f9b8-75d8-4a46-b5de-023cfccfc789","keyframes":{"transform":["translate3d(-121.59092%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8ff82885-c077-443c-97a7-9ba8176bf793","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2df62481-4ca5-4195-8b14-95f7e23af87b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(25.776160265801895%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Delhivery’s Lacklusture 2023 Explained

[{"selector":"#anim-7825143c-959c-4ae7-a4f2-ef111a6c0665","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b7d6048-3dc8-4450-8496-8be3bbdd4a17","keyframes":{"transform":["translate3d(-121.59092%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cf80b8e5-ff22-4cab-a8f2-940ee5554dac","keyframes":{"opacity":[0,1]},"delay":0,"duration":3500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc495595-bb64-41e6-8bd4-1c02b7b2da7b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(32.211027797869846%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Delhivery's 2023

Delhivery’s Volatile 2023 In 6 Frames

Delhivery increased its footprint as pin-code reach increases to 18,655 by Q2 FY24 end while express delivery centers increase to 3,412 by the same period, growing over 17% YoY

Expansion

Acquires an additional 4.75% stake in warehouse automation startup Falcon Autotech for INR 52.11 Cr

New Deals

Carlyle Group, Tiger Global, and SoftBank together offload shares worth INR 2,748 Cr in 2023

Share Offloads

Delhivery approached NCLT against the airline company, alleging that the airline deliberately took payments from it despite heading towards insolvency

Legal Step Against Go First

Launched a mega-gateway in Bhiwandi, one of India’s largest trucking terminals

Bhiwandi

With business expansion, these two cost buckets continue to surge and remain a major pullback in Delhivery’s path to profitability

Rising Cost

2023 Year-In-Review: Delhivery’s 2023

Delhivery’s Lacklusture 2023 Explained