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.

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 ...

Listed logistics service provider Delhivery said it is acquiring a controlling stake in rival startup Ecom Express. The logistics unicorn will pick up a 99.4% stake in Ecom Express for INR 1,407 ...

Bengaluru (Karnataka) [India], March 17: Ecom Express, a leading end-to-end technology-enabled logistics solutions provider, has announced a strategic partnership with Truecaller for Business to ...

Delhivery Ltd has sought CCI approval to acquire a controlling stake in Ecom Express for Rs 1,400 crore in an all-cash deal. Both companies believe the transaction won't significantly impact ...

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.

In a regulatory filing, the company said it has "signed a definitive agreement to acquire a controlling stake in Ecom Express Ltd for a cash consideration of around Rs 1,400 crore from its ...

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 ...

The deal for a 99.4% stake in Ecom Express puts the deal on the list of the biggest consolidation deals in the logistics space of India.

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 ...

Behind it lies a tale of missed targets, lost clients, and shrinking valuations Loss of a founder, loss of its biggest client and lost value – How Ecom Express landed in Delhivery’s cart ...

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 ...