Delhivery To Create 15,000 Festive Season Jobs

Supply chain services provider Delhivery on Wednesday said it aims to create over 15,000 seasonal openings across operations over the next few weeks in the run-up to the festive season.

The company is also geared up to handle 65-75 million packages in the upcoming festive season, which is almost a 100 per cent growth over the last year, it said in a statement.

"Delhivery aims to create over 15,000 seasonal openings across operations over the next few weeks. The openings span over last mile, first mile pickups, hubs, service centres, including security personnel and drivers," it added.

E-tailers like Amazon and Flipkart as well as logistics companies usually hire thousands of people in temporary delivery and support roles to handle the high volume of orders during the sale period.

A report by RedSeer estimates that about three lakh jobs are expected to be created by various e-commerce and logistics companies during this year's festive season.

Of these, about 30 per cent of roles are likely to be created by logistics partners, it had said.

E-commerce major Amazon India on Wednesday said it has created more than one lakh seasonal job opportunities, while earlier in the month, logistics solutions provider Ecom Express had said it planned to create 30,000 seasonal roles across its operations to handle the heightened demand during the festive season.

Delhivery said it is strengthening its last-mile delivery capacity through its various partner programmes, on-boarding individual bikers, transporters, local kiranas, and businesses.

It added that the plan is to double the partner sign-ups from its existing base to over 25,000 across India with a revenue payout of over Rs 100 crore to the last-mile partners this season.

"We continue to make significant investments to build world-class infrastructure. Our overall physical footprint across India has doubled in the last one year to over 12 million sqft, including the launch of mega trucking terminals in Bilaspur, Bhiwandi, and Bangalore ahead of the festive season," Sandeep Barasia, Managing Director and Chief Business Officer at Delhivery said.

In line with its original plan, Delhivery will invest over Rs 300 crore on expansion in the coming 18-24 months, increasing fleet size and setting up more mega trucking terminals, he added.

In August this year, Delhivery had said it was planning to invest up to Rs 300 crore on expansion. It planned to add around 150 trucks to its fleet as it aims to clock revenue close to Rs 7,000 crore in the next 24 months, up from Rs 2,800 crore last year.

Sandip Ginodia , CEO

ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience

For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

Email : ginodiasandip1@gmail.com

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

JioMart , Reliance's online-to-offline commerce platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went live in 200 cities across India, is currently processing an average of 500,000 orders per day. " We can go even higher on peak days", Jio Platforms CEO Kiran Thomas revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of kiranas and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials." "Customers are transacting seamlessly on JioMart and the conversational nature of the service enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated th...

Zomato, Swiggy score 1/10 on working conditions for their workers – ET Retail

Some of India's biggest startups have ranked near the bottom when it comes to working conditions for their gig workers , according to a report released Wednesday. While Swiggy , Zomato and Uber India scored 1/10, Urban Company and Flipkart’s logistics arm EKart scored the highest 8/10 and 7/10, respectively, ‘ Fairwork India Ratings 2020: Labour Standards in the Platform Economy’ showed . The report assessed the companies on five principles: fair play, fair conditions, fair contracts, fair management, and fair representation. Deepinder Goyal, chief executive officer of Zomato Media Pvt. Ltd., acknowledged the ratings on Twitter. “Zomato ranked at the bottom of 2020 Fairwork India scores. We knew we had things to work on, but we didn’t know that there is so much room for improvement.” The company takes full responsibility and “will leave no stone unturned to perform better in the rankings next year,” he added. Zomato received a 4/10 in ...

Times Internet posts 24% revenue jump to Rs 1,625 Cr in FY20

Times Internet has posted a 24% jump in its annual revenue in the financial year ending March, recording Rs 1,625 crore in revenue in FY20. In its annual report, the company said the revenue growth has been adjusted for seasonality of cricket events. In FY19, it had posted revenues of $196 million. The company has registered a surge across its revenue streams i.e. advertising revenue, subscribers, transaction revenue and gross merchandise value (GMV) in the last fiscal year. While advertising revenue grew 22% with faster growth in music and video, overall subscribers to Times Prime grew 62%. Times Internet’s annualized GMV in transacting businesses grew 68% with a 75% jump in net revenues, said the company in its annual report. Its subscription and transactional businesses include Times Prime, Gaana Plus, TOI+, ET Prime, and Gourmet Passport. Times Prime also crossed 2 million subscribers last year. “We broadened our media strategy beyond news, and we focused on...

Abhishek Securities

Search This Blog