Delhivery to acquire logistics rival firm Ecom Express for ₹1,407 crore

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Delhivery to acquire logistics rival firm Ecom Express for ₹1,407 crore - Business Standard

Quick Summary:

Upon completion of the acquisition, Ecom Express will become a subsidiary of Delhivery.

Commenting on the acquisition, Managing Director and CEO of Delhivery Sahil Barua said, “The Indian economy requires continuous improvements in cost efficiency, speed and reach of logistics.

Ecom Express was incorporated in August 2012 and is a technology-enabled end-to-end logistics solutions provider headquartered in Gurugram, Haryana.