CORPORATE
Delhivery to acquire Ecom Express for Rs 1,407 crore to scale up business
- IBJ Bureau
- Apr 06, 2025
Logistics services provider Delhivery on Saturday announced acquisition of Ecom Express for about Rs 1,400 crore to scale up its business.
In a regulatory filing, the company said that its board had approved the acquisition of shares equivalent to at least 99.4 per cent of the issued and paid-up share capital of Ecom Express on a fully-diluted basis for a purchase not exceeding Rs 1,407 crore. The deal is expected to be completed within the next six months.
The turnover of Gurugram-based Ecom Express was Rs 2,607.3 crore in 2023-24 as against Rs 2,548.1 crore in the preceding year.
Commenting on the deal, Delhivery MD and CEO Sahil Barua said: “The Indian economy requires continuous improvements in cost efficiency, speed and reach of logistics. 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 founders and management of Ecom Express have established a high quality of network and team, creating a strong foundation to integrate into Delhivery’s operations, he added.
K Satyanarayana, the founder of Ecom Express, said: “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.”
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