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Delhivery to acquire Ecom Express in Rs 1,407 crore deal

Times of India LogoTimes of India21h ago

Delhivery to acquire Ecom Express in Rs 1,407 crore deal - Times of India

Quick Summary:

Delhivery is acquiring Ecom Express for ₹1,407 crore in an all-cash deal, marking a significant consolidation in the logistics sector.

This move follows challenges faced by Ecom Express, which had to stall its public listing plans and lay off hundreds of employees.

The market is such that it's very difficult to replace even 10% of a company's business," said Satish Meena, advisor at market research firm Datum Intelligence.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-06 @ 04:53:14 (21 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 654 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 27606748

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About Times of India

Times of India Logo

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 13 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 1 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

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