SoftBank-backed Delhivery to invest up to Rs 300 crore for expansion to meet demand

Logistics firm Delhivery is planning to invest up to Rs 300 crore in 18-24 months on expansion, including increasing fleet size and setting up of trucking hubs, in order to meet increased demand for more organised players in the sector in the wake of COVID-19 pandemic, according to a top company official.

The company is planning to add around 150 trucks to its fleet apart from launching trucking terminals in Delhi, Mumbai and Bengaluru as it sets eyes on clocking revenue close to Rs 7,000 crore in the next 24 months, up from Rs 2,800 crore last year.