Delhivery CEO's May 2023 remark resurfaces: a Shein return could lift India's ecommerce market
Resurfacing comments from May 2023, Delhivery's CEO said Shein's potential re-entry into India would be positive for the ecommerce sector, pointing to stronger competition, consumer demand and logistics activity in online fashion retail.
Delhivery’s CEO said Shein’s potential re-entry would benefit India’s ecommerce market, signalling optimism about the global fashion retailer’s return and its impact on online retail competition and demand.
Why this matters
The signal extends a resurfacing pattern for Delhivery, following reports on its May 2022 IPO drawing 4% subscription in two hours and 23% retail subscription.
Retail-company signals are accelerating, up 199114% QoQ.