Delhivery Ltd, a logistics services provider, has introduced a location intelligence solution called 'LocateOne'. This is the company's second software offering on the OS1 platform, following their delivery management solution 'DispatchOne'. LocateOne is an API-based stack that improves address accuracy and reduces fraud for businesses in various sectors. Delhivery aims to become the operating system for commerce and believes the OS1 platform provides an opportunity for businesses to achieve operational excellence.
Logistics services provider Delhivery Ltd has announced the launch of ‘LocateOne’, which is a location intelligence solution on Thursday. In an attempt to expand its software offerings on the OS1 platform, this is the company's second solution available, first being ‘DispatchOne’, a delivery management solution.
An API-based location intelligence stack, LocateOne, enriches inaccurate and poor-quality address data, improves rooftop accuracy, and helps reduce address fraud across businesses in Retail, CPG, eCommerce, Fintech, Banking, and Financial Services, the company explained.
Delhivery boasts to have the latest solution built on its patented address disambiguation and address identification technology.
Meanwhile, delivery management solution for Courier Express Parcel, DispatchOne was developed to enable businesses to get centralized, real-time visibility across orders and reduce operational costs through optimal resource utilization.
“In line with our vision to become the operating system for commerce, we are thrilled to add more solutions to the OS1 platform," said Kapil Bharati, Chief Technology Officer and Executive Director, Delhivery.
OS1 is a great opportunity for businesses to leverage Delhivery's validated solutions and achieve operational excellence without having to reinvent the wheel, he added.
“LocateOne is built with our learnings from having delivered 2+ billion shipments across 18,500+ pin codes. This ground-level data is further reinforced by our machine learning algorithms to provide precise location insights via LocateOne,” said Kshitij Chopra, Head - Product, OS1.
In August 2023, the Gurugram-based company also launched a digital shipping platform experience Delhivery One which is designed to meet the diverse needs of MSMEs, in addition to large D2C e-commerce brands across the country.
In the June quarter this fiscal year, Delhivery narrowed its net loss to Rs 89.5 crore from a net loss of Rs 399.3 crore in the same period of the preceding fiscal.
The company's revenue from services grew 11 per cent to Rs 1,930 crore in Q1 FY24 from Rs 1,746 crore in Q1 FY23.
Till date, Delhivery has fulfilled over 2 billion shipments. The company has over 26,500 customers, including large & small e-commerce participants, SMEs, and other enterprises and brands.
