Logistics firm Delhivery plans to invest up to Rs. 300 crore, over two years, for expansion.

Logistics firm Delhivery is planning to invest up to Rs. 300 crore in 18-24 months on expansion, including increasing fleet size and setting up of trucking hubs, in order to meet increased demand for more organised players in the sector in the wake of COVID-19 pandemic, according to a top company official.

The company is planning to add around 150 trucks to its fleet apart from launching trucking terminals in Delhi, Mumbai and Bengaluru as it sets eyes on clocking revenue close to Rs. 7,000 crore in the next 24 months, up from Rs. 2,800 crore last year.

"Our total capital investment over the next 18-24 months is going to be in the range of Rs. 250-300 crore. We will continue to invest behind growing our trucking network. We are going to launch three of the largest trucking terminals in the country in Delhi, Mumbai and Bangalore," Delhivery Chief Executive Officer & Co-Founder Sahil Barua told .

ET