Shares of Delhivery Ltd surged 2% on Thursday, 16 January, after the company announced the launch of Rapid Commerce, a sub-2-hour delivery option for businesses looking to satisfy the increasing demand from customers for quicker order fulfilment.

The service has handled over 300 orders daily since it was originally launched in Bengaluru, demonstrating a strong degree of early demand.

Ajith Pai, Chief Operating Officer at Delhivery, said, “With Rapid Commerce, leading D2C brands can create a superior direct experience and greater control over customer loyalty. Brands can provide consumers faster access to a vast catalogue of products at efficient costs by using our network of shared in-city Rapid Stores.”

The business plans to expand its service offering to more major cities in the coming months, including Hyderabad, Chennai, the National Capital Region, Mumbai, Pune, and Ahmedabad.

Delhivery declared a profit of Rs 10.2 crore for the second quarter of the current fiscal year. The company’s revenues increased by 13% from Rs 1,941.7 crore in Q2FY24 to Rs 2,189.7 crore in Q2FY25, as per regulatory filings.

At 2:42 pm, the shares of Delhivery were trading 2.52% higher at Rs 333.05 on NSE.

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