Logistics provider Delhivery announced on Saturday (April 5) that it is acquiring rival Ecom Express in an all-cash deal valued at up to ₹1,407 crore. The acquisition, involving a 99.4% stake, marks one of the biggest consolidation moves in India’s fragmented logistics sector. While positioned as a strategic move, the contours of the transaction suggest […]
IPO-bound Ecom Express focuses on cost rationalisation to enhance margins – CNBC TV18
Ecom Express, India’s premier pure-play e-commerce logistics solutions provider, has filed draft papers for its Rs 2,600 crore IPO with SEBI. The company operates a pan-Indian express logistics network handling reverse logistics (returns), fulfilment services (warehousing), first-mile pickup, mid-mile transportation, and last-mile delivery. Ecom Express is backed by PG Esmeralda and Warburg Pincus. According to […]