Delhivery CEO's May 2023 remarks resurface: Shein's India return could lift ecommerce activity
Resurfacing a May 2023 comment, Delhivery's CEO said a potential Shein re-entry would be positive for India's ecommerce market, signalling expectations of higher online-fashion demand and additional logistics activity.
Delhivery CEO said Shein’s potential re-entry into India would be positive for the Indian ecommerce market, signalling optimism about increased online retail activity and logistics demand.
Why this matters
The comment adds ecommerce-demand context to Delhivery's recent resurfaced May 2022 IPO signals, when the issue reached 4% subscription in two hours and the retail portion hit 23%.
Retail-company signals are accelerating, up 208514% QoQ.