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Abhik Kumar Mitra Moves On From Delhivery Post Spoton Integration

Abhik Kumar Mitra previously served as chief executive of Spoton and played an instrumental role in the strategic merger with Delhivery in August 2021

Abhik Kumar Mitra Moves On From Delhivery Post Spoton Integration

Outlook Start-Up Desk

POSTED ON April 21, 2023 12:02 PM

Delhivery Limited has announced that Abhik Kumar Mitra will step down from his role as Chief Customer Experience Officer at Delhivery, effective from April 24, 2023.

Delhivery is an integrated logistics services provider, with its nationwide network covering over 18,500 pin codes. The company claims to provide a full suite of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services.

Mitra is a veteran of India’s logistics industry. He previously served as chief executive of Spoton and played an instrumental role in the strategic merger with Delhivery in August 2021.

“Delhivery and Spoton have benefited from Abhik’s vast experience and his counsel to the leadership team of the combined PTL business during an important transition has been hugely valuable. We are proud to have worked with Abhik and wish him all the very best for the future,” said Delhivery.

Uday Sharma, who has reportedly been instrumental to post-integration stabilisation and growth to over 300,000MT in Q4FY23, will continue his leadership of Delhivery’s PTL business along with Srinivasan S, Don Thomas, Omesh Khatri and Harish Sharma.

Abhik will continue to stay engaged with Delhivery in the near future and continue to share his experience with the PTL team.

Early this month, Tiger Global, a venture capital (VC) firm announced that it has sold a 1.6 per cent stake in Delhivery in a bulk deal, making a gain of Rs 337.8 crore. Two months ago, the same fund sold 1.2 crore Delhivery shares for Rs 414.2 crore and in March it sold a 0.75 per cent stake worth Rs 177 crore.

At the end of December 2022, Tiger Global held a 4.68 per cent stake in the company, but this was reduced to 1.7 per cent in February, then 0.75 per cent, and it now likely has just 0.63 per cent.

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