Delhivery Expands Into Fintech With New Subsidiary ‘Delhivery Financial Services’

November 6, 2025 • FinTech News
Delhivery Expands Into Fintech With New Subsidiary ‘Delhivery Financial Services’

Delhivery is entering fintech with a new subsidiary — Delhivery Financial Services — to offer credit, payments, and insurance solutions for partners. Led by Mukul Sachan, the new venture aims to support MSMEs and truckers across India’s logistics ecosystem.

India’s leading logistics company Delhivery has announced plans to enter the fintech space with the launch of a new wholly owned subsidiary — Delhivery Financial Services. The company’s board has approved an initial investment of ₹12 crore for the new entity.

According to the company, the fintech vertical will provide credit access, payments, FASTag aggregation, fuel cards, and insurance solutions to its network of truckers, fleet owners, riders, and MSMEs.

“It is intended to operate as a financial layer supporting Delhivery’s logistics network, leveraging the company’s data, reach, and partner ecosystem to enhance liquidity access, mitigate risk, and improve operational efficiency,” Delhivery said in a statement.

The new unit will initially act as a lending aggregator, partnering with financial institutions instead of taking credit exposure on its own books. It will start by offering working capital and vehicle financing to truckers and logistics partners within its express, PTL, FTL, and supply chain networks.

Leadership and Future Plans

The fintech business will be led by Mukul Sachan, currently Delhivery’s Head of Financial Services. Sachan brings extensive experience, having co-founded and led Lendingkart Finance for five years and later serving as Managing Director at Affinidi Technologies before joining Delhivery in July 2025.
CEO Sahil Barua stated that a detailed business plan for the financial services unit will be revealed by Q4 FY26.

Financial Performance

In Q2 FY26, Delhivery reported a net loss of ₹50.5 crore, even as revenue grew 17% year-on-year to ₹2,559.3 crore. The loss was primarily due to ₹90 crore in expenses related to integrating Ecom Express, which the company said has progressed faster and at a lower cost than expected.

Of the ₹300 crore initially projected for integration, only ₹90 crore has been spent so far, with another ₹100–110 crore expected over the next two quarters.

Other Business Verticals

Delhivery is also growing two newer verticals — Delhivery Direct and Rapid.

  • Delhivery Rapid, its quick-commerce fulfillment service, currently operates 20 dark stores across major cities and is targeting an annual recurring revenue (ARR) of ₹80–100 crore by the end of FY26.
  • Delhivery Direct, offering on-demand local pickups, is active in Delhi NCR, Bengaluru, and Ahmedabad, and plans expansion to five more cities by March 2026.

As Delhivery continues to diversify beyond logistics, the launch of Delhivery Financial Services marks a major step in building a connected ecosystem that integrates logistics and financial enablement for India’s MSMEs.