Once valued at $850 Mn and gearing up for a public listing, Ecom Express has now been acquired by rival Delhivery for just $165 Mn, an 80% value erosion From overdependence on Meesho to leadership ...

In a major consolidation move in the logistics sector, Delhivery on Saturday announced its decision to acquire rival Ecom Express Limited for a consideration not exceeding INR 1,407 crore.

To secure the approval for the proposed acquisition in a deal valued at around Rs 1,400 crore, Logistics major Delhivery and Ecom Express have approached the Competition Commission of India (CCI). The ...

Delhivery and Ecom Express have sought CCI approval for their Rs 1,400 crore deal, aiming to improve logistics efficiency and service offerings. The deal involves Delhivery acquiring a controlling ...

This clarification follows Delhivery last week announcing that it would acquire a 99.4% stake in Ecom Express for INR 1,407 Cr in an all-cash deal. Described as one of the biggest consolidation ...

Delhivery Limited has announced the acquisition of a 99.4% stake in Ecom Express Limited, a rival logistics solutions provider, for a cash consideration of up to Rs 1,407 crore ($169.5 million).

This sums up the journey of Ecom Express, once India’s second-largest third-party logistics company after Delhivery. The ₹1,407-crore acquisition comes as the logistics sector grapples with ...

In a report from August 2024, prepared for Ecom Express’ IPO, Redseer stated that the cost per shipment for Ecom Express’ express delivery was ₹ 39.65 in FY24 and nearly ₹ 56 for Delhivery.

Logistics services provider Delhivery Ltd on Saturday (April 5) announced the acquisition of Ecom Express Ltd for a cash consideration of about Rs 1,400 crore to scale up its business. In a ...

And Delhivery, India’s prominent player in this industry, was in the spotlight recently after signing a definitive agreement to acquire a controlling stake (99.4 per cent) in Ecom Express.

Logistic firm Delhivery Limited and Ecom Express have sought Competition Commission of India’s approval for their ₹1,400-crore deal. Under the deal announced on April 5, Delhivery will acquire ...