Delhivery seeks CCI approval to acquire Ecom Express for ₹1,400 crore
Delhivery has approached the Competition Commission of India for approval to acquire control of Ecom Express in a ₹1,400 crore cash deal, consolidating India’s third-party e-commerce logistics market ahead of the festive delivery season.
What happened
Delhivery has sought CCI approval to acquire control of Ecom Express for Rs 1,400 crore, strengthening India’s third-party logistics market. The deal follows
Key facts
- Rs 1,400 crore cash acquisition consideration
- Rs 1,407 crore distress-sale value
- Rs 7,000 crore previous Ecom Express valuation
- Ecom Express revenue up 30% to Rs 2,127 crore for 12 months ended March 31
- Expenses rose 40% to Rs 2,269 crore from Rs 1,613 crore
What changed
Delhivery has sought CCI approval to acquire control of Ecom Express for Rs 1,400 crore, strengthening India’s third-party logistics market. The deal follows Ecom Express’s distress sale and comes amid rising festive-season delivery hiring and e-commerce logistics investment.
Why this matters
Delhivery’s proposed Ecom Express acquisition could expand network density and festive-season capacity, but integration execution will be critical to realizing service and cost benefits.