Delhivery ₹1407 Crore Acquisition of Ecom Express
News: Delhivery is set to acquire a 99.4% stake in rival Ecom Express for ₹1,407 crore in an all-cash deal, marking one of the largest consolidations in Indian logistics.
Ecom Express, once valued at ₹7,300 crore, is being sold at a steep 78% discount, reflecting recent struggles including the loss of key client Meesho and postponed IPO plans. Delhivery aims to boost scale, efficiency, and service through investments in automation, EVs, and R&D.
The acquisition, pending CCI approval, will make Ecom Express a subsidiary. While investors like Warburg Pincus will exit, Delhivery is betting big on economies of scale to strengthen its market position and create a competitive edge in India’s evolving logistics ecosystem.
Source: Groww
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