Encouraged by the rapid growth in the Indian online-shopping industry, logistics firms are set to embark on a series of activities, including capital-raising, to make the most of it.
On Tuesday, DHL announced it would invest as much as Rs 800 crore in the next two years to gear up for growth in the ecommerce sector.
Smaller players have also announced similar measures. Delhivery has entered into two rounds of fund-raising while a third-round, worth Rs 175 crore, was being discussed, the Times of India reported in May this year while Holisol recently raised USD 5 million via a private-equity placement.
Several other players, such as Ecom Express and a Mumbai-based logistics firm backed by billionniare investor George Soros, have recently made news for announcing a series of fund-raising issues.
The effects of the high growth in the ecommerce industry, whose sales have increased from USD 2.5 billion in 2009 to USD 13 billion in 2013 – though much of it came through online travel-booking websites – is already showing up in the financials of some firms.
This month, Gati reported a 111 percent surge in its first-quarter income, with the ecommerce segment leading the charge.
To cater to the burgeoning demand of the need to ship the increasing number of parcels being ordered online, most of the leading logistics companies have announced dedicated units to cater to ecommerce firms.
But even as the opportunity served up by ecommerce websites beckons, the challenges presented by India's creaky infrastructure to both the logistics firms as well the websites who use their networks are daunting.
A Reuters report recently discussed these challenges: of parcels flipped out mid-way, cash-on-delivery orders returned as well as the high rush for and costs involved with air mail – as road and rail networks continue to remain untrustworthy.
To counter that, several leading ecommerce websites, such as Flipkart, Amazon and eBay, have resorted to setting up their own logistics units.
According to a PriceWaterhouseCoopers-ASSOCHAM report released yesterday, the ecommerce industry will spend a total of as much as up to USD 1.9 billion by 2019 towards logistics, infrastructure and warehousing.
The study pegged the size of Indian e-retail industry at USD 100 billion by 2020.
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