Archive · 3 Dec 2025
Meesho's IPO and Logistics Shift Threaten Delhivery
Meesho, a company that sells things online, is about to go public with its IPO.
While everyone is watching this big event, there's a new concern.
Meesho is starting to use its own delivery system called Valmo instead of relying on companies like Delhivery.
This is important because delivery services are a big part of online shopping.
Meesho's Valmo is cheaper and more efficient, which could mean trouble for Delhivery.
Delhivery gets a lot of its money from delivering packages for companies like Meesho.
If Meesho keeps using Valmo more, Delhivery might lose business.
A financial expert group, Jefferies, thinks this could make Delhivery's stock price go down by almost 9%.
So, while Meesho is celebrating its IPO, Delhivery is facing a new challenge.
Meesho's IPO opens for bidding from December 3–5, with listing on December 10.
Jefferies reports Meesho's logistics strategy could threaten Delhivery's Express Parcel business.
Meesho's Valmo platform handles 48% of its orders in FY25, up from 2% in FY23.
Valmo offers 1–11% lower cost per shipment compared to third-party logistics partners.
Delhivery derives 60% of its FY25 revenue from Express Parcel business, with Meesho contributing 16%.
- Who
- Meesho and Delhivery
- What
- Meesho's shift to its own logistics network, Valmo, poses a threat to Delhivery's Express Parcel business
- When
- Meesho's IPO bidding is from December 3–5, with listing on December 10
- Where
- India
- Why
- Meesho's increasing use of Valmo reduces its dependence on third-party logistics partners like Delhivery, potentially impacting Delhivery's revenue
- IPO Bidding Period
- December 3–5
- Listing Date
- December 10
- Jefferies Rating on Delhivery
- Underperform
- Jefferies Target Price for Delhivery
- Rs 390
- Valmo's Order Handling in FY25
- 48%
- Cost Savings on Valmo vs. 3PL
- 1–11% lower per shipment
- Delhivery's Revenue from Express Parcel in FY25
- 60%
- Meesho's Contribution to Delhivery's Sales
- 16%