Logistics company BookMyCargo has expanded into the domestic business-to-consumer (B2C) sector to enhance its market presence, with a target of achieving a Rs 100 crore topline by FY30, according to a company official.
Established in 2016 and headquartered in Gurugram, BookMyCargo (BMC) has primarily operated in the business-to-business (B2B) sector, serving industries such as FMCG, consumer goods, and pharmaceuticals. The company has recognized the growing demand for same-day deliveries, which was less than 1% in 2016 but is expected to rise to 22% by 2025. To capitalize on this growth, BMC has ventured into the B2C segment.
In addition to its domestic expansion, BookMyCargo has launched B2C services in Thailand, now covering 75 provinces in the Southeast Asian country. This international move marks a significant step in the company’s growth strategy.
As of March 2024, BookMyCargo reported a turnover of Rs 12.3 crore. With the new B2C segment, the company aims to nearly double its turnover within the current fiscal year and achieve a Rs 100 crore turnover over the next five years.
The company also commented on the Union Budget, noting that the Rs 11.11 lakh crore capital expenditure announced by the Finance Minister for infrastructure is expected to boost investment in development projects and create numerous employment opportunities. Additionally, the government’s initiative to establish more e-commerce export hubs and integrated industrial parks is anticipated to enhance manufacturing output, stimulate domestic consumption, and bolster trade and logistics activities in the country.
