Delhivery announces acquisition of Ecom Express

Logistics services business Delhivery Limited has announced its acquisition of Ecom Express Limited. Delhivery plans to acquire a controlling stake from Ecom Express’ shareholders for approximately Rs 1,400 crore as a cash consideration. 

“The Indian economy requires continuous improvements in cost efficiency, speed, and reach of logistics,” said Delhivery’s CEO and managing director Sahil Barua, the Press Trust of India reported. “We believe this acquisition will enable us to service customers of both companies better, through continued bold investments in infrastructure, technology, network, and people.” 

The deal’s completion is expected in the coming half a year, ET Retail reported. In the 2024 financial year, Ecom Express reported a turnover of Rs 2,607.3 crore. 

“Delhivery is among India’s leading fully integrated logistics service providers with significant scale advantages and will be the ideal shareholder for Ecom Express’ next phase of growth,” said Ecom Express’ founder K Satyanarayana. The transaction’s completion is subject to the Competition Commission of India’s approval as well as closing conditions. 

Launched in 2012, Ecom Express specialises in providing end to end technology enabled logistics solutions. Its acquisition is designed to boost Delhivery’s scale and strengthen its offering for clients. Delhivery has fulfilled more than 3.4 billion orders to date and its network covers 18,700 Indian pin codes.