India’s E-Commerce Logistics Industry To Cross 10 Bn Shipments By FY28

The e-commerce logistics industry in India has witnessed significant growth, with total shipments reaching 4 billion in FY23, driven by new categories, direct-to-consumer (D2C) brands, and continued expansion in smaller cities, according to a report by Redseer Strategy Consultants. The report predicts that India's e-commerce logistics space is on track to surpass 10 billion shipments by FY28, with a minimum compound annual growth rate (CAGR) of 20 percent.


Despite facing competition threats, Delhivery remains the largest player in the e-logistics space in India. The report highlights that there are still ample opportunities for growth and yield in various segments of e-logistics, including D2C and large goods or non-ecommerce segments, despite funding challenges in the e-commerce and internet sectors.


D2C brands are expected to drive overall gross merchandise value (GMV) growth at a rate of 35 percent in the next few years, with brand.com accounting for a significant share of this growth. The report projects that D2C brands across all channels will generate $33 billion in GMV by CY27.


Logistics players that offer relevant and customized solutions for D2C brands are well-positioned to capture market share in this high-growth segment and achieve a stronger yield profile in the future. The report emphasizes that building robust capabilities and offerings to effectively serve the demand of D2C brands will lead to greater resilience in challenging times and better positioning for long-term market share and yield leadership.


Mrigank Gutgutia, Partner at Redseer Strategy Consultants, stated that there are multiple pockets of high growth and yield opportunities in the e-commerce logistics industry in India, and players who can effectively cater to the demand of D2C brands will be more resilient and better positioned for long-term success.

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