Revathi Roy, the CEO of Hey Deedee, is making all the aggressive moves in 2019 with rapid expansion to 15 more cities, seed funding and even a new B2C venture. More than 30 percent of the population in India uses the internet today and a growth of more than 50 percent is expected in the years to come. According to IBEF, India is the fastest growing market for the e-commerce sector with an expected revenue of $120 billion in 2020. This is further aided by the rising smartphone penetration, the launch of 4G networks and increasing consumer wealth. With the introduction of 100 percent FDI in B2B e-commerce, e- commerce industry in India is looking at huge investments and thus a staggering growth. In order to match the rising popularity and ease of accessibility of online shopping, retailers are now looking for a transportation network that would allow them to deliver the goods in the fastest and the most efficient way. Considering the nature of the pace at which the goods need to be delivered (especially food and other degradable materials), retailers have to rely on players beyond the traditional courier service providers. Hence, with the surge of online commerce, the need for the last mile delivery becomes ever more important.
Background: Master of Arts (MA)Field Of Study Economics Grade A Master of Arts.
Bachelor of Arts (BA)Field Of Study Sociology and Economics Grade A St Xaviers College.