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India’s e-commerce logistics space on track to exceed 10 billion parcels by FY28: Redseer

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According to the latest report by Redseer Strategy Consultants, the Indian e-logistics market continues to see meaningful growth in FY23. Total shipments (forward+ reverse) for e-commerce logistics grew to more than billion in FY23 (ex of hyperlocal shipments). Within this pie, in-house logistics vs third-party players had a roughly equal share. During the course of the year, the industry saw intensifying competitive trends from smaller incumbents with yields also being challenged. However, despite this, the market is an attractive long-term bet with the overall e-com logistics opportunity to grow at a minimum CAGR of over 20% to comfortably exceed over 10 billion parcels by FY28 on back of steady e-commerce growth.

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