India’s e-commerce logistics industry shipments will be reaching 10 billion by FY28 from 4 billion in FY23, riding on new categories, direct-to-consumer (D2C) brands along with growth in smaller cities, according to the latest report by Redseer Strategy Consultants.
Delhivery remains the largest player in the e-logistics space.
“Despite funding headwinds in e-commerce / internet sectors, there are multiple pockets of high growth and high yield opportunities available for e-logistics players, be in D2C or large goods or non-ecommerce segments,” said Mrigank Gutgutia, Partner, Redseer Strategy Consultants.
D2C brands across channels are expected to grow overall GMV at 35 percent in next few years, with brand.com accounting for a significant share of this growth.
A total of $33 billion of GMV is expected to be generated from D2C brands across all channels by CY27.
Logistics players with relevant and customized offerings for D2C brands are well-positioned to capture market share in this high growth segment as well as have a stronger yield profile going forward, the report said.