Deal Highlights
What’s Happening?
Delhivery Ltd. has officially announced that it will acquire a controlling stake in Ecom Express Limited for a whopping ₹1,400 crore in cash.
Key Details
- The acquisition will cover up to 99.4% of Ecom Express’s fully diluted share capital.
- The deal is expected to close within the next 6 months.
- This is a strategic move to strengthen Delhivery’s logistics footprint across India.
What This Means for the Industry
A Game-Changer in Indian Logistics
Let’s be honest—this isn’t just a typical corporate handshake. This is Delhivery going all in to dominate the logistics scene. In an industry where time is money and reach is everything, this deal could flip the script.
Why Ecom Express?
Ecom Express is no underdog. With ₹2,607.3 crore in revenue in FY 2023-24, it has built a rock-solid foundation. The company has shown consistent growth—something Delhivery clearly saw as valuable.
What the Leaders Are Saying
Sahil Barua (MD & CEO, Delhivery)
“India needs logistics that are faster, smarter, and more cost-efficient. This acquisition is a powerful step toward achieving that vision.”
And you can feel the confidence in his words. This isn’t just about scaling a business—it’s about building future-ready infrastructure for a rapidly changing economy.
K. Satyanarayana (Founder, Ecom Express)
“Delhivery is one of India’s most capable, fully integrated logistics service providers. They’re the right partner for Ecom Express’s next phase of growth.”
You can sense the trust and mutual respect between both companies. It’s not just numbers; it’s a shared mission.
What Delhivery Brings to the Table
Nationwide Reach
With a network that spans 18,700+ PIN codes, Delhivery is already a powerhouse in the logistics world.
Services They Offer
- Express Parcel Delivery
- Partial Truckload (PTL) Freight
- Full Truckload (TL) Freight
- Cross-Border Solutions
- Supply Chain Services
- Tech-Powered Logistics
Basically, they cover it all. This acquisition only supercharges their capabilities.
Why This Deal Feels Different
Not Just Business—A Vision for the Future
This isn’t just about two companies coming together. It’s about reshaping how goods move across India. Faster, better, and more reliable.
If you’re an e-commerce brand, a small business owner, or even just someone who tracks their courier anxiously every day—this deal could mean quicker, smoother deliveries.
The Numbers That Matter
Ecom Express Financial Snapshot
- FY 2022–23 Revenue: ₹2,548.1 crore
- FY 2023–24 Revenue: ₹2,607.3 crore
- Growth: Steady & Strong
Delhivery’s Investment
- Cash Consideration: Up to ₹1,407 crore
- Stake Acquired: 99.4% (on a fully diluted basis)