iThink Logistics reports ₹104 crore revenue in FY24

iThink Logistics announced achieving revenue of ₹104 crore in the financial year 2023–24.

“A substantial portion of this revenue, 95 percent, was generated from the domestic market, underscoring the company's strong presence across India, particularly in the western region which emerged as the largest contributor,” reads the release.

Building on its global operations, the company is targeting an 8X growth in its international cross-border revenue, aiming to increase it from ₹4 crore to ₹30 crore.

It also reads, “This initiative is part of a broader strategy to deepen and expand its cross-border logistics capabilities.”

"Over the last year, we’ve continually pushed our boundaries to achieve remarkable growth, and we intend to carry this momentum forward," said Zaiba Sarang, co-founder of iThink Logistics. "As we look to the 2024–25 financial year, our focus is on creating a shipping ecosystem that can create waves not only in India but abroad. We are dedicated to delivering precision, ease, and a vast network, setting new benchmarks in the logistics industry worldwide. Partnering with logistics titans like FedEx and Indian digital commerce pioneers like ONDC enhances our capabilities and positions us uniquely in the global market."

iThink Logistics is well-known for its customer-centric approach and utilises advanced technology, including AI-driven tools and a multifunctional dashboard, to provide top-tier logistics services. These technologies have been critical in enhancing operational efficiencies and customer satisfaction, ensuring that iThink Logistics remains one of the preferred names in the industry. Notably, the company’s innovative offerings like Connect+ and the proprietary WISMO (Where Is My Order) technology enhance the client experience by enabling seamless integration of order tracking with communication channels such as email, SMS, and WhatsApp. Additionally, iThink Logistics meets the modern consumer's demand for speed and reliability with its Same Day and Next Day Delivery options, providing an offline experience in an online world and ensuring that customers receive their orders when they need them, which is crucial in maintaining customer loyalty and reducing cart abandonment.

With a focus on scaling up international operations and continuing to excel in all segments of logistics services, iThink Logistics is committed to delivering superior service quality and building stronger partnerships worldwide.Looking ahead, the company is ambitiously forecasting a leap in overall revenue to INR 200 crore for the financial year 2024-25, signifying its confidence in its strategic expansion plans and operational excellence.