In a bold move to expand its reach in the logistics industry, Delhivery is set to acquire Ecom Express in an all-cash deal worth ₹1,407 crore. The deal is aimed at strengthening Delhivery's market position and consolidating its operations, especially in the e-commerce segment.
Ecom Express, once seen as a strong competitor, has faced financial setbacks in recent years and had to scrap its IPO plans. This acquisition is currently awaiting approval from the Competition Commission of India. Once cleared, Ecom Express will continue to operate as a separate subsidiary under Delhivery.
This acquisition reflects the ongoing trend of consolidation in the logistics sector, as players seek to streamline services and optimize last-mile delivery. It also signals Delhivery's strategy to strengthen its footprint in tier 2 and 3 cities, where Ecom Express already has a robust presence.