Delhivery hires Milind Sharma as the head of rapid commerce and D2C brands

Gurugram-based Delhivery has announced the appointment of Milind Sharma as its head of Rapid Commerce and D2C brands, marking his return to a company where he was one of the earliest employees.

Sharma was part of Delhivery's founding team in 2012 before leaving in 2013 to co-found the now-defunct grocery delivery service PepperTap. He brings a long track record of building high-growth ventures, having worked in e-commerce, hyperlocal delivery and quick commerce.

Rejoining Delhivery  

Sharma described his return to Delhivery as a homecoming, explaining that this is where he began his startup journey.

"Rejoining Delhivery feels like a homecoming for me. This is where I started my startup journey, and I’m eager to contribute to the next phase of growth by building the Rapid Commerce service and serving the D2C Brand segment and building on Delhivery’s strong foundation alongside the team," Sharma said.

He will focus on expanding the company's Rapid Commerce service, which promises intracity deliveries within a two-to-four-hour window from dark stores and will also oversee Delhivery's entire direct-to-consumer (D2C) product portfolio.

Part of his role will involve scaling the company's same-day and next-day delivery services, which the company introduced earlier this year to keep up with growing demand.

Entrepreneurial experience  

Before rejoining Delhivery, Sharma co-founded PepperTap, a hyperlocal grocery delivery service that reportedly reached annual revenues of more than $200 million. He also founded Nuvo Logistics, growing the business to over $10 million in revenue and expanding to more than 75 cities before its acquisition by Shadowfax.

Sharma later led growth and strategy at Shadowfax and went on to launch Flyo, a quick commerce platform, and Mabel, a jewellery commerce venture.

Sahil Barua, Chief Executive Officer, said, "We're excited to welcome Milind back to Delhivery. Having been part of our early journey, he understands our DNA and what it takes to build and scale in this space. His entrepreneurial mindset and deep experience in consumer businesses will be invaluable as we expand our Rapid Commerce and D2C Brands segment."

Financial performance

Delhivery reported a 114% jump in its net profit to Rs 25 crore in Q3FY25. At the same time, the company's revenue from operations stood at Rs 2,378 crore, up 8% YoY from Rs 2,194 crore in Q3FY24.