DK Business Network
Delhivery has acquired a controlling 99.4% stake in Ecom Express in an all-cash deal. The ₹1,407 crore acquisition strengthens its logistics capabilities and national delivery footprint.
Ecom Express, founded in 2012, serves major e-commerce players with end-to-end logistics solutions. It reported a turnover of ₹2,607.3 crore for FY 2023–24, making it a valuable acquisition target.
Shardul Amarchand Mangaldas & Co. advised Delhivery on the transaction. EY handled financial and tax diligence, with regulatory approvals now pending before the Competition Commission of India.
Delhivery plans to integrate Ecom’s infrastructure, technology, and workforce to enhance service speed, cost-efficiency, and operational scale. The acquisition also offers a strategic exit for Ecom Express investors, following its postponed IPO plans. It signals Delhivery’s intent to lead India’s evolving logistics and supply chain sector.
Sahil Barua, MD and CEO of Delhivery, stated, “We believe this acquisition will enable us to service customers of both companies better, through continued bold investments in infrastructure, technology, network, and people.”
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