Shipment volumes for online ecommerce platforms are expected to grow by 15-20% in 2023 despite a funding slowdown for such marketplaces, said Sahil Barua , chief executive of Delhivery While some e-tailers may go through ups and downs based on their respective funding situation, the broad arc of ecommerce remains positive, Barua said after an earnings call with analysts on Saturday.“It is a growing category. You see this across all consumer internet businesses,” Barua said. “...if you look at the new participants in the ecommerce marketplace, I think you'll find that they are not necessarily affected by funding situations in the private markets. You know the new entrants in the ecommerce space as an example, including the likes of Unilever, which are also entering with direct-to-consumer brands.”Delhivery’s shares fell below its issue price of Rs 487 last October after the company forecast muted growth in shipments.“We saw growth in ecommerce volumes that have persisted so far in January and February and similarly in the partial truck load business. The results were announced after market hours.

Source: Economic Times February 12, 2023 05:32 UTC