New Delhi, Feb. 10 -- Listed third-party logistics player Delhivery Ltd expects its one-month-old rapid commerce business to generate revenue in the range of Rs.80-100 crore by the end of the current fiscal year, underscoring the growing demand for ultra-fast deliveries in India's e-commerce landscape, co-founder and chief executive officer Sahil Barua, said on Friday.

The Gurugram-based courier company rolled out Rapid Commerce, a sub-2-hour delivery service, in January. It is specifically designed to help direct-to-consumer brands, and e-commerce platforms reduce delivery timelines and improve customer experience.

"Rapid Commerce is an add-on product for the top eight cities [designed] for specific customers and SKUs [stock-keeping un...