IndiaTechDesk - India's Leading Tech and Startup Media Publication
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
IndiaTechDesk - India's Leading Tech and Startup Media Publication
No Result
View All Result
Home Transportation & Logistics

FedEx Express’s Strategic Alliance with Delivery is now Operational

IndiaTechDesk Editor by IndiaTechDesk Editor
December 15, 2021
in Transportation & Logistics
57 1
0
FedEx Express’s Strategic Alliance with Delivery is now Operational
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

FedEx Express, a unit of American transportation giant FedEx Corp., on December 9, 2021 said that its strategic alliance with domestic logistics firm Delhivery, signed in July this year, has become operational. FedEx Express is the subsidiary of Fedex Corp.

FedEx Express’s strategic alliance transaction has taken effect following the fulfilment of closing conditions including regulatory approval from the Competition Commission of India, the subsidiary of Fedex Corp said in a statement.

In July this year FedEx invested $100 million in logistics services provider Delhivery, one of India’s unicorn startups that are set to go public soon.

Following the completion of the deal, Don Colleran, President and CEO of FedEx Express, will be nominated to the Delhivery Board of Directors, further strengthening the close working relationship between the two companies, it said.

FedEx experience to boost Delhivery’s growth

With this transaction, FedEx Express brings decades of experience as a global leader in logistics together with Delhivery’s Indian footprint and technology solutions, Colleran said.

FedEx Express said this transaction combines the FedEx global network with Delhivery’s extensive pan-India network and technology solutions to bring the best of both worlds together.

The investment and the commercial agreement between the two companies deepens the FedEx commitment to the India market, and signals a significant step in providing innovative services and solutions that aim to improve speed, efficiency, and access for FedEx and Delhivery customers, to unlock India’s international trade potential, the company stated.

Third Party Logistic Market in India

According to various reports, the Indian third-party logistics (3PL) market is slated to witness high growth in the coming years. UK-based market research firm Technavio report states that the 3PL market in India is poised to grow by US$10.74 billion in the period 2021-2025, progressing at a compound annual growth rate (CAGR) of almost eight percent, and witnessing an incremental growth of US$81.73 million by 2024.

Attractive Opportunities in Third-party Logistics Market by End-user and Service – Forecast and Analysis 2021-2025

The market structure is expected to remain fragmented during the forecast period. Vendors operating in the market are adopting various marketing and growth strategies such as competitive pricing to compete in the market.

Increased focus on core businesses by large clients and outsourcing logistics to third party logistics market makes warehousing an important market.

This, in combination with the reformation brought about by the goods and services tax are likely to boost the expansion of this sector in India. The market value of warehousing across the country was estimated to reach almost six billion US dollars in fiscal year 2025, from 2.1 billion dollars in fiscal year 2018.

Tags: e-commerceindian startupLogisticsUnicorn
IndiaTechDesk Editor

IndiaTechDesk Editor

IndiaTechDesk is part of beSUCCESS Media group, focusing on Indian startup and tech news, trends and analysis. Write to us at press@indiatechdesk.com.

Related Posts

Kale Logistics Secures $30 Million in Series B.
Transportation & Logistics

Kale Logistics Secures $30 Million in Series B Funding Led by Creaegis

September 12, 2023
BillionElectric Secures $10 Million in Seed Funding to Drive Electric Mobility as a Service in India
Clean Technology

BillionElectric Secures $10 Million in Seed Funding to Drive Electric Mobility as a Service in India

June 30, 2023
Drones to Deliver Biomedical Supplies in Bengaluru Soon
Health & Bio

Drones to Deliver Biomedical Supplies in Bengaluru Soon

February 17, 2023
Ratan Tata Backed Logistic Startup Mailit to Raise $10 million in its Series A
Transportation & Logistics

Ratan Tata Backed Logistic Startup Mailit to Raise $10 million in its Series A

November 22, 2022
End-to-end Logistics Startup Xpressbees Turns Unicorn with $300 million Round
Transportation & Logistics

End-to-end Logistics Startup Xpressbees Turns Unicorn with $300 million Round

February 14, 2022
HOP Electric Mobility Expands Footprint to 54 Cities in India, Inaugurates Ten New Experience Centres
Clean Technology

HOP Electric Mobility Expands Footprint to 54 Cities in India, Inaugurates Ten New Experience Centres

January 29, 2022
No Result
View All Result

Trending Posts

  • Kale Logistics Secures $30 Million in Series B Funding Led by Creaegis
    Kale Logistics Secures $30 Million in Series B Funding Led by Creaegis
    by Kyung-sooSeptember 12, 2023
  • 5 Steps to Secure Capital From VC Firms in India
    5 Steps to Secure Capital From VC Firms in India
    by IndiaTechDesk EditorJanuary 28, 2020
  • 5 Most Recent Startup Failures in India
    5 Most Recent Startup Failures in India
    by IndiaTechDesk EditorJanuary 24, 2020
  • 6 Active Angel Investors in India For 2020
    6 Active Angel Investors in India For 2020
    by IndiaTechDesk EditorJanuary 22, 2020
  • Top 5 Low-cost High-profit Business Ideas in India for 2020
    Top 5 Low-cost High-profit Business Ideas in India for 2020
    by IndiaTechDesk EditorJanuary 21, 2020
  • 6 Startup Laws in India You Should Consider To Get Started
    6 Startup Laws in India You Should Consider To Get Started
    by IndiaTechDesk EditorJanuary 20, 2020
  • Top 5 Startup Programs by the Indian Government
    Top 5 Startup Programs by the Indian Government
    by IndiaTechDesk EditorJanuary 17, 2020
  • Top 5 Startup Predictions for India in 2020
    Top 5 Startup Predictions for India in 2020
    by IndiaTechDesk EditorJanuary 15, 2020
  • 5 Biggest Indian Startup Acquisitions of 2019
    5 Biggest Indian Startup Acquisitions of 2019
    by IndiaTechDesk EditorJanuary 14, 2020
  • 5 Best-Kept Secrets of Amazon’s Incredible Success in India
    5 Best-Kept Secrets of Amazon’s Incredible Success in India
    by IndiaTechDesk EditorJanuary 12, 2020




Products

Apple 20W USB-C Power Adapter

Apple MagSafe Battery Pack

Apple AirPods Pro (2nd Generation) Wireless Earbuds

Apple Lightning to USB Cable

ABOUT US

IndiaTechDesk is obsessed with the Indian startup ecosystem, offering intelligent, engaging coverage of the innovations, emerging startups, and entrepreneurship in India.....read more

Follow Us

FREE NEWSLETTER

 

Categories
  • Accelerator
  • Agriculture
  • AI & Big Data
  • AR & VR
  • Bitcoin
  • Blockchain
  • Business
  • Clean Technology
  • Competitions
  • Content & Games
  • Coronavirus
  • Cryptocurrency
  • Cybersecurity
  • E-commerce
  • Ecosystem & Lists
  • Education
  • enterprise
  • Enterprise & SaaS
  • entertainment
  • Events
  • featured
  • FinTech
  • Gadgets & Electronics
  • Gaming
  • Guide
  • Health & Bio
  • Incubator
  • Indian Startups
  • Indian Women
  • Insurance
  • Interviews
  • Investments
  • IoT
  • Manufacturing
  • Market
  • Marketplaces & E-commerce
  • Regulation
  • Robotics
  • SaaS
  • Space Startup
  • Transportation & Logistics
  • Travel
  • Uncategorized
  • Venture capital
  • “Contact: press@indiatechdesk.com”
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • About Us

Copyright © 2023 indiatechdesk.com

No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists

Copyright © 2023 indiatechdesk.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In