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Delhivery CEO Sahil Barua resigns from Swiggy board
Economic Times
·
3m ago
Medial
Sahil Barua, cofounder and CEO of Delhivery, has stepped down from Swiggy's board as an independent director citing increased professional commitments. Swiggy acknowledged Barua's significant contribution during his tenure, particularly in its transition to public markets, and expressed gratitude for his support. Barua, in turn, praised Swiggy's exceptional team and expressed his continued support as a user and well-wisher, highlighting his positive association with the company.
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Sahil Barua resigns from Swiggy board due to professional commitments
Entrackr
·
3m ago
Medial
Swiggy announced on Friday that Sahil Barua, an Independent Director on the company's board, has resigned with effect from April 11, 2025. The resignation comes in light of Barua’s increased professional commitments, according to a regulatory filing made by the company. Barua, who is also the Co-founder and CEO of logistics firm Delhivery, was one of the earliest independent members of Swiggy’s board and had been associated with the company during a crucial phase of its growth and transition into the public markets. “I'd like to thank Swiggy for inviting me to serve as part of the Board. Swiggy is one of the great Indian internet companies, with outstanding founders and management. I look forward to cheering for Harsha and the Swiggy team as a user and well-wisher,” said Barua. Swiggy’s independent board of directors includes Anand Kripalu, Shailesh Haribhakti, and Suparna Mitra.
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Delivery To Launch Dark Stores For Ecommerce Players
Inc42
·
11m ago
Medial
Delhivery CEO Sahil Barua announced plans to offer delivery services that will reduce delivery time to 2-4 hours for ecommerce companies. The logistics unicorn will establish dark stores for specific product categories, enabling rapid deliveries. Barua also emphasized the possibility of multiple companies sharing the costs of these dark stores.
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Delhivery CEO Sahil Barua expects volatility in firm's revenue, margin profile in near term
Economic Times
·
1y ago
Medial
Delhivery CEO, Sahil Barua, stated in an analyst call that the company's surprise net profit of Rs 12 crore for the December quarter should not be used to forecast future performance. Barua highlighted the potential volatility in revenue and margins due to factors beyond their control. Delhivery reported a 20% year-on-year growth in operating revenue, primarily driven by festive sales and increased volumes from small and medium enterprises. Barua expects continued growth in ecommerce volumes at a rate of 15-20%, with order frequency increasing in metros and first-time orders driving growth in tier-II and tier-III cities.
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Exclusive | Quick commerce eating into kiranas, not ecommerce: Delhivery CEO Sahil Barua
Economic Times
·
11m ago
Medial
Delhivery CEO Sahil Barua believes that quick deliveries in 10-15 minutes may not be sustainable for categories other than groceries and fast-moving consumer goods. Barua predicts that the cost of quick deliveries will eventually increase, leading to longer delivery timelines. Delhivery is focusing on launching a network of shared dark stores for brands and ecommerce players to deliver in 2-4 hours, but will steer clear of instant deliveries. Barua also discusses Delhivery's revenue growth, growth outlook, the impact of quick commerce on ecommerce, and plans for the future.
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IPO-bound Swiggy appoints former Diageo India CEO Anand Kripalu as chairman of the board
Economic Times
·
1y ago
Medial
Food delivery startup Swiggy has appointed Anand Kripalu, former CEO of Diageo India, as an independent director and chairman of its board. Kripalu is an FMCG veteran and brings deep industry knowledge to the company as it prepares for an IPO in 2024. Swiggy has been making several board appointments recently, including Sahil Barua, Mallika Srinivasan, and Shailesh Haribhakti. Prosus, the largest shareholder in Swiggy, reported a 35% decrease in the company's loss for the half year ended September 30.
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Amazon, Flipkart to have quick commerce play in certain categories: Delhivery CEO Sahil Barua
Economic Times
·
1y ago
Medial
Delhivery's CEO, Sahil Barua, predicts the emergence of a new sub-segment in quick commerce, focusing on two- or four-hour deliveries. Barua believes that large ecommerce platforms like Amazon and Flipkart will enter this space as certain products can benefit from faster delivery times. Barua also mentioned that Delhivery has looked into managing dark stores and deliveries for other players in the quick commerce industry. However, he emphasised the need for further evaluation of the overall model. Delhivery recently reported a net loss of Rs 68 crore for the quarter ended March, but expects ecommerce to continue growing at 15-20% in the long term.
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Delhivery appoints cofounder Suraj Saharan to board
Economic Times
·
2m ago
Medial
Delhivery appointed co-founder Suraj Saharan to its board as whole-time executive director for a five-year term. Saharan, also the chief people officer, has held various roles within the company. He joins fellow co-founders Sahil Barua and Kapil Bharti on the board. Delhivery recently posted a Rs 72 crore profit in the January-March quarter, amidst moderate revenue growth, and announced the acquisition of Ecom Express for Rs 1,407 crore, despite recent declines in e-commerce volumes and revenues.
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Delhivery expects to turn in net profits by FY 2025: CEO Sahil Barua
Economic Times
·
1y ago
Medial
Delhivery, an Indian logistics and supply chain services company, aims to achieve net profitability by the fiscal year 2025. CEO Sahil Barua expressed optimism about the company's trajectory, highlighting its focus on operational efficiency, cost control, and revenue growth. Delhivery has been working to streamline operations and expand its merchant and delivery network to achieve sustainable profitability in the competitive e-commerce logistics sector.
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Won key contracts in Q1, expect to reflect in coming quarters: Delhivery CEO Sahil Barua
Economic Times
·
1y ago
Medial
Delhivery CEO Sahil Barua anticipates the impact of winning significant contracts in Q1 to be reflected in upcoming quarters. The company's successful acquisition of key contracts during the first quarter is expected to contribute positively to its performance in subsequent periods. Barua's statement highlights Delhivery's strategic growth and its optimistic outlook for continued success in the competitive logistics and e-commerce industry.
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Delhivery CEO Sahil Barua joins Nestasia’s board
Entrackr
·
2m ago
Medial
Sahil Barua, founder and CEO of logistics company Delhivery, has joined the board of home decor and lifestyle brand Nestasia. This comes shortly after he stepped down as an independent director at Swiggy due to professional commitments. Barua is expected to support Nestasia’s expansion strategy, particularly in scaling operations and strengthening its omnichannel distribution. The company aims to accelerate growth across sales channels and broaden its presence in both online and offline markets. Founded in 2019 by Anurag and Aditi Murarka Agrawal, Nestasia offers a range of home and lifestyle products across categories such as dining, kitchen, decor, bath, and bags. The company claims a catalogue of over 7,000 products and a customer base of more than 500,000. It currently operates physical retail outlets in seven cities, including Kolkata, Hyderabad, Pune, Noida, Dehradun, Bengaluru, and Chandigarh. It also plans to open 30 stores by the end of 2025. In September 2024, Nestasia had raised $8.5 million in a round co-led by Susquehanna Asia VC and Stellaris Venture Partners.
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