Shadowfax’s revenue crosses Rs. 460 cr in FY 21, losses climb 53% to Rs 133 cr
- ByStartupStory | February 2, 2022
E- commerce- based logistics has emergence multitudanal, in the past decade and this could be discerned from the emerging scale of Delhi very.
E-commerce Express, and shadow fax- Delhi very, turned into the highest into supply- chain company in India by outspacing Blue Dart in terms of revenue in FY21.
It administers income cropped by 31% to Rs 3, 646 crore during the fiscal year ending March 2021.
While E-commerce Express is yet to file annual financial statements for FY21, shadow fax has displayed strong growth, with a 43.7% hike in its operational in its operating revenue.
As per its annual filings, the company’s revenued stood at merely Rs. 464 crore for FY21 as opposed to Rs. 323 crore, it compiled in FY20.
For perspectives, shadow fax revenue has fostered by 93% while FY20.
The Bengaluru focused company fosters logistics and delivery services in over 100 brand partners.
The flipkart backed company also purchased Rs. 23. 76 crore from it’s financial assets during FY21, registering a 148% growth in non- operating income.
Keeping in line with the income, the total expenses of the company also fostered by 48.1% to Rs. 620. 51 crore during FY 21, from Rs. 418. 96 crore spent in Rs. 1.34 to earn a single rupee of distribution revenue, remaining fairly stable during the fiscal ended.
Payments for delivery personnel is the largest cost centre for the company of logistics, accounting for 45.2% of the annual costs during the last fiscal.
These expenses grew by 26.3 % to Rs. 280.71, crore during FY21, from Rs. 222. 25 crore in FY20.
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