Delhivery Acquires Logistics Rival Ecom Express in Rs 1,400 Crore Deal

Delhivery acquires Ecom: To strengthen its position in the e-commerce supply chain landscape, logistics major Delhivery, on Saturday, announced the acquisition of Ecom Express Limited in a deal worth Rs 1,400 crore.

Delhivery's move to acquire a controlling stake in Ecom Express will conclude after approval from the Competition Commission of India and will significantly benefit its business across India.

The Gurugram-based Ecom Express was once seen as a competitor of Delhivery and had even planned to go public, but its IPO plan was cancelled for some reasons. The company was established by Manju Dhawan, K. Satyanarayana, Late T. A. Krishnan and Late. Sanjeev Saxena in 2012.

The end-to-end technology-enabled logistics solutions provider has delivered nearly 2 billion shipments to 97% of Indian households since its inception and also offers other services like storage, supply chains etc, under its service line, Ecom Fulfillment Services.

According to an Economic Times report, firms like Warburg Pincus, Partners Group and British International Investment will fully sell their stake in Ecom Express through deal with Delhivery.

Delhivery's acquisition deal of Ecom Express was carried out with Shardul Amarchand Mangaldas & Co. acting as the legal advisor and Ernst & Young acting as the financial and tax diligence advisor in the deal. "Delhivery is among India's leading fully-integrated logistics service providers with significant scale advantages and will be the ideal shareholder for Ecom Express's next phase of growth. With this acquisition and its inherent synergies, businesses across India as well as the logistics industry itself will benefit immensely through the combination of two like-minded players," said K. Satyanarayana, founder of Ecom Express.

Sahil Barua, MD and CEO, Delhivery, said that the acquisition deal would help the company in expanding its investment in infrastructure, technology, network and people to compete in the market.

"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," noted Sahil Barua in the BSE exchange filing.

About Delhivery

Delhivery is a major player in the field of ecommerce delivery logistics. Its delivery network covers nearly 18,700 pin codes and it provides multiple service options including express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services.

The company had successfully fulfilled over 3.4 billion shipments since its inception and has dealth with more than 39,000 customers, according to its BSE filing. The company shares closed nearly 2.03% lower at Rs 258.15 per share on BSE on Friday with a market capitalisation of Rs 19,254.64 crore. The company scrip is recovering from its 52-week-low mark of Rs 236 apiece it touched on 13 March, 2025. The company scrip traded at its 52-week-high mark of Rs 478 apiece on BSE on 12 April 2024.

Delhivery's share price value has declined by nearly 21.64% in the last two years. The logistics firm debuted in the Indian stock market in May 2022. The company had raised nearly Rs 5,235 crore from the issue compared to Rs 7460 crore it had planned to raise earlier.