Re-entry of Shein bodes well for Indian e-commerce market: Delhivery CEO
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Logistics giant Delhivery’s chief executive officer (CEO) Sahil Barua believes that the re-entry of Shein, in partnership with Reliance Retail, in the Indian market would bode well for the larger e-commerce market. Expect the ecommerce space to grow 15%-20% year-on-year, Barua said. Delhivery’s net loss declined marginally 0.3% YoY to INR 1,007.7 Cr in FY23 while operating revenue rose 5% YoY to INR 7,225.3 Cr