Delhivery’s B2B express logistics, which crashed post the Spoton acquisition, has posted a healthy comeback. However, it needs to do a lot on the higher realisation and profitability fronts.
Delhivery, which counts e-commerce logistics as its core business, acquired B2B express player Spoton Logistics in 2021 for a whopping INR1,511 crore. This was Delhivery’s largest acquisition ever in the run-up to its IPO the next year. The deal was intended to boost Delhivery’s B2B or part truck load business. But the big bang merger had its share of problems and created massive operational bottlenecks. As a result, Delhivery made losses.
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