Stock Report

Wellness brand 'Plix' awards cross-border freight shipping contract to Delhivery

Posted On : 2024-02-27 13:56:15( TIMEZONE : IST )

Wellness brand 'Plix' awards cross-border freight shipping contract to Delhivery

To ship its products globally, Plix, Marico's majority-owned nutrition brand in the D2C segment, has augmented its partnership with Delhivery, India's largest fully integrated logistics service provider.

Plix has an existing collaboration with Delhivery for domestic express parcel shipping in India and has now extended an exclusive partnership for cross-border shipping as well. It will leverage Delhivery's air freight expertise for shipments, ensuring swift and secure transportation of goods from its India warehouse in Mumbai to its New York warehouse.

Delhivery, a registered partner for Amazon's global outbound parcel business, has emerged as a leading name in cross-border express and freight shipping for key Indian brands over the last three years.

Akash Zaveri, Co-Founder & COO, Plix, said, "With Delhivery as our international logistics partner, we are confident to plug efficiency leakages and make global shipping as predictable and time-bound as in the case of domestic deliveries. Seamless movement of goods is a key feature of a globalized world with a globalized marketplace."

Vikas Kapoor, Senior Vice-President, Cross-Border Business, Delhivery, said, "Plix's trust in us to handle both their international and domestic shipping needs is an affirmation of our performance and reliability in delivering comprehensive logistics solutions. We continue to help D2C brands capture the global markets through existing and upcoming global shipping products in both express and freight."

Shares of Delhivery Limited was last trading in BSE at Rs. 458.20 as compared to the previous close of Rs. 455.15. The total number of shares traded during the day was 52785 in over 1649 trades.

The stock hit an intraday high of Rs. 461.00 and intraday low of 453.75. The net turnover during the day was Rs. 24144212.00.

Source : Equity Bulls


Delhivery INE148O01028 LogisticsSolutionProvider Plix D2CSegment Partnership