44 per cent returns from its 52-week low: This logistics company joins hands with Amazon Web Services & Nexus Ventures!

Each startup received AWS Activate Credits worth USD 25,000.

Delhivery Ltd, India's largest fully integrated logistics services provider, has joined hands with PE firm Nexus Ventures and Amazon Web Services (AWS), the world's most comprehensive and broadly adopted cloud, to launch Velocity-- a six-week startup accelerator program, to nurture and empower the next generation of entrepreneurs and innovators in the logistics landscape.

The first edition of this accelerator program, which kicked off in August 2023, brought together leading financial and sectoral experts to provide incisive, industry-led mentorship to the selected startups.

20 early-stage startups were selected among 234 applicants. The cohort spanned sectors and startups, which included

● Warehousing-focused ODWEN, Wherehouse, and Warehousity.

● EV fleet providers, including EVIFY and Zyngo.

● Agritech startups such as Upjao Agrotech and E Sandhai.

● Aggregator platforms Paapos, Hyphen SCS, and Loadexx, among others.

Armed with insights, knowledge, and practical advice in subjects such as people & culture, fundraising strategies, growth hacking, and profitability, startups presented their solutions to VCs and influential superangels. In addition, each startup received AWS Activate Credits worth USD 25,000 that can be utilized to access AWS cloud services for building and scaling their technology infrastructure without incurring high upfront costs.

Today, shares of Delhivery Ltd gained 0.06 per cent to Rs 415.70 per share with an intraday high of Rs 419.05 and an intraday low of Rs 408.65. The stock is up by 44 per cent from its 52-week low of Rs 291 per share.

The company has a market cap of over Rs 30,000 crore. Investors should keep an eye on this Mid-Cap logistics stock.

Disclaimer: The article is for informational purposes only and not investment advice.