Thursday, June 24, 2021

Third Edition Of Delivery Delight Index Launched By RedSeer And Shadowfax

* Increasing demand for express deliveries, higher willingness to pay for express delivery in ePharma 

* Players reliant on Third Party Logistics Partners are able to provide Impeccable Delivery Experience

According to the third edition of Delivery Delight Index (DDI#3) launched by RedSeer and Shadowfax, in 2021, digitally native brands (DNB) and vertical market players have emerged as the key champions on the back of improved delivery experience. 

In CY20 direct-to-consumer (D2C) brands grew 3x faster than overall eCommerce in India. The major growth drivers for this segment include the sizable set of mature customers and an enabling infrastructure. 

The specialised players in the logistics players enabling last-mile delivery, warehouse and new-age logistics space are enabling these brands to deliver and help them grow at such a rapid pace.

Delivery Delight Index is a toolkit for brands and platforms that has been developed after ~10,000 consumer surveys covering 38 players across four types of platforms i.e., E-tailing Marketplaces, Hyperlocal Marketplaces, Digitally Native Brands and Traditional Brands/Retailers. 

Commenting on the launch of the report, Abhishek Bansal, co-founder of Shadowfax, said, “The index reinstates our belief that customer expectations are moving towards faster and faster deliveries today. On the other hand, brands who are investing behind speed and delivery delight for consumers are gaining market share and consequently emerging as leaders in the index.” 

Key Highlights from the ‘Delivery Delight Index’

- Improved performance of players across ‘Speed of Delivery’ and ‘Delivery Experience’ is attributed to- 

·         Complete unlock in the JFM’21 period leading to smooth flow of the supply chain

- DNB platforms have improved speed of delivery by

* Adoption of Micro-warehouse, in partnership with third party warehousing aggregators and started same day or next day delivery

* Leading DNB platforms have also implemented ‘Doorstep QC’ of products leading to a  reduced refund time

Key frontrunners of the  ‘Delivery Delight Index’

E-tailing Marketplaces- Amazon, Firstcry, Myntra, Nykaa, Purple

Hyperlocal Marketplaces- Dunzo, Flipkart Supermart, Swiggy

Traditional Brands/Retailer- Lifestyle

Digitally Native Brands- Mi, Mamaearth, Wow, Bewakoof, Boat

On the launch of the third edition of delivery index, Anil Kumar, founder and CEO of RedSeer, said, “The study has shown that  despite the phenomenal growth of the D2C brands in recent times, these brands have been able to provide a superlative delivery experience with the support of third-party logistics players. Further, the specialised players in the warehousing and logistics space are enabling these new-age brands to fulfill the growing demand with a quality experience.”

About Shadowfax: Shadowfax, one of India’s largest crowdsourced logistics platforms, was established in 2015 with the vision of enabling commerce by empowering everyone, everywhere. Our unique tech-driven platform caters to the logistics needs of brands across verticals such as food, grocery, pharma, and e-commerce by providing a comprehensive, speedy and reliable solution right from first mile movement to doorstep delivery. On a mission to build the fastest and most reliable logistics network by empowering a million micro-entrepreneurs through technology to deliver anything, anywhere, our plug-and-play yet immersive APIs seamlessly bridge the logistical gap between businesses and their customers within minutes. Having raised $100Mn till date from marquee investors, the company currently services 500+ cities, covers 7000+ pin codes, 150K+ delivery network partners, and delivers 500K+ orders per day.

About RedSeer: RedSeer is a leader in the Internet and new age advisory. In 2020, RedSeer also emerged as the No 1 Deal Advisor to Private Equity. Our advisory is differentiated through our high-quality IP, market insights, and research, which helps both corporate and funds make the right choices. With more than 200 consultants across 5 offices, we have emerged as the largest home-grown regional consulting firm in the last 12 years.

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