Delhivery stunned the market this week with a 17% jump in revenue for Q2 FY26, hitting Rs 2,559 crore. On paper, it looks like business is booming—but behind the numbers lurks a shocking twist: the company reported a net loss of Rs 50 crore, reversing last year’s Rs 10 crore profit.
What caused this sudden downturn? The culprit is the costly integration of its Ecom Express acquisition, which…
In a major move to expand its services and meet growing consumer demand, Shiprocket, the logistics unicorn, has now launched its same-day delivery service in Bengaluru. With this new development, Shiprocket continues to revolutionize how businesses, particularly small and medium-sized enterprises (SMEs), meet their customers’ need for faster shipping.
Shiprocket’s push to offer quicker…
In a move that has caught the attention of the e-commerce and logistics world, Delhivery, the fast-growing logistics giant based in Gurugram, has appointed Milind Sharma as the head of its Rapid Commerce and Direct-to-Consumer (D2C) brands division. What makes this even more exciting is that Sharma is not new to Delhivery—he was one of the company’s earliest employees, playing a key role in…
In an exciting new development, trackNOW, a Gujarat-based startup specializing in advanced telematics tracking solutions, has successfully raised an undisclosed amount in an extended seed funding round. This round was led by none other than Yohan Poonawalla, Chairman of the Poonawalla Engineering Group, and Michelle Poonawalla, Managing Director of Poonawalla Engineering Companies. The investment…
Introduction: A Major Leap in Fast Delivery
In the fast-paced world of online shopping, speed matters more than ever. Imagine being able to place an order and get it delivered within two hours—not the next day, not even the next morning, but in just a few short hours. Sounds like a dream, right?
Well, it’s no longer a dream! Delhivery, the Gurugram-based logistics giant, has just rolled out…
Amazon’s Bold Move into the Quick Commerce Market
Amazon India is gearing up to enter the rapidly growing quick commerce industry with a new delivery service, codenamed Tez. This service is expected to rival established players like Zepto, Blinkit, Swiggy Instamart, and Flipkart Minutes, marking a significant shift for the e-commerce giant.
According to a recent report from Reuters, Amazon plans…
Amazon India is preparing to launch its highly anticipated quick commerce service, codenamed Tez, which will focus on fast deliveries of groceries and daily essentials. The company plans to roll out the service by late December or early next year, marking Amazon’s first-ever entry into the quick commerce space globally.
This move comes at a time when quick commerce, the fast-growing segment of…
The ePlane Company Raises $14 Million to Boost eVTOL Development
The ePlane Company, a trailblazer in the electric vertical take-off and landing (eVTOL) aircraft space, has raised $14 million in its Series B funding round. The investment, led by Speciale Invest and Antares Ventures, with support from notable investors like Naval Ravikant and Micelio Mobility, will help the company move closer to…
In a major boost to innovation in both urban infrastructure and electric vehicle (EV) mobility, two promising startups, Nayan Tech and ZEVO, have raised a total of $4 million in funding. Nayan Tech, an AI-based company transforming smart city solutions, has secured $2 million to expand its operations and take its technology global. Meanwhile, ZEVO, a tech-enabled EV mobility platform, has raised…
In a strategic maneuver that signals its intent to dominate the rapidly evolving bike taxi market in India, Uber has announced a partnership with Shadowfax, an IPO-bound logistics service provider. This collaboration aims to enhance Uber’s bike taxi offering, UberMoto, by integrating Shadowfax’s extensive two-wheeler fleet. As competition heats up in the ride-hailing industry, this partnership…
