Meesho accounts for ~35% of national third-party logistics shipments
Chandigarh (Gurpreet) : Meesho, India’s fastest-growing internet commerce company, has emerged as the single largest contributor to the country’s expanding third-party logistics (3PL) industry. Meesho grew its 3PL shipments by 16% in January-March 2022 on the already high base of the festive season, accounting for ~35% of all shipments delivered by national 3PL players.
Meesho, which runs an asset-light model, counts Shadowfax, Ecom Express, Delhivery and Xpressbees among its key 3PL partners. Meesho’s rapidly growing scale has been a key driver behind the expansion of the 3PL sector. Average daily orders on Meesho have risen nearly five-fold YoY to 2.4 million in January-March 2022.
“Meesho’s shipments reach all of pin codes in India, a feat we have been able to achieve by working closely with our 3PL partners. Our asset-light model enables us to realise supply chain efficiencies, bringing down costs for the end-user. On our mission to further democratize Internet commerce, we are looking to build on the momentum of previous quarters. Additionally, we are humbled by the economic opportunities in the form of jobs we have been able to generate at our 3PL partners,” Sourabh Pandey, CXO - Fulfillment & Experience, Meesho, said.
Volumes in India’s 3PL industry typically peak during the festive season, in line with the seasonality observed in e-commerce. However, Meesho continued to grow its 3PL shipments by 16% in January-March on the already high base of the previous quarter (October-December 2021).
“As the leading multicategory digital commerce logistics platform in the country, Shadowfax is rapidly growing its e-commerce 3PL business. Meesho has been a key strategic partner and catalyst for this growth. In the current quarter, approximately 60% of our drop ship e-commerce volume is being contributed by Meesho – a testament to our deep and long standing relationship. The momentum will only keep increasing as E-commerce adoption continues to rise in tier 2+ regions in the future.” – Abhishek Bansal, CEO & Co-Founder – Shadowfax, said