Logistics player BookMyCargo (BMC) has ventured into the domestic business-to-consumer (B2C) segment, aiming to boost its market presence and achieve a Rs 100 crore topline by FY30, according to company officials. Established in 2016, BMC has primarily operated in the business-to-business (B2B) space, serving clients in sectors like FMCG, consumer goods, and pharmaceuticals.
“As of 2016, the demand for same-day deliveries was less than 1 per cent. It is anticipated to increase to 22 per cent by 2025. We have entered into the B2C segment to tap this growth and increase our presence,” said BookMyCargo Founder J D Yadav. The company has also launched B2C services in Thailand, covering 75 provinces in the Southeast Asian country.
As of March 2024, BMC’s turnover was Rs 12.3 crore. Yadav noted, “With the new segment, we aim to almost double it this fiscal year and look for Rs 100 crore over the next five years.”
Commenting on the Union Budget, Yadav highlighted the positive impact of the Rs 11.11 lakh crore capex announced by the Finance Minister for infrastructure development. “This investment will lead to the creation of numerous new employment opportunities. Additionally, the government’s decision to set up more e-commerce export hubs and integrated industrial parks will boost manufacturing output, stimulate domestic consumption, and enhance trade and logistics activity in the country,” he said.
BookMyCargo’s strategic expansion into the B2C segment and its international reach in Thailand underscore its commitment to growth and adaptation in the evolving logistics landscape. The company’s move aligns with the increasing demand for same-day deliveries and the broader trends in the logistics and e-commerce sectors.
