Delhivery to Acquire Ecom Express for USD 168.67 million (Rs 1400 crore) to Supercharge Logistics Scale and Efficiency

In a strategic move to strengthen its logistics capabilities, Delhivery Ltd has signed a definitive agreement to acquire a controlling stake in Ecom Express Ltd for a cash consideration of around USD 168.67 million (Rs 1400 crore). The acquisition, expected to conclude within 6 months, will give Delhivery at least 99.4% ownership of Ecom Express.

Delhivery’s board has approved the execution of a share purchase agreement and other necessary documentation. The Gurugram-based Ecom Express clocked a turnover of Rs 2607.3 crore in FY24, compared to Rs 2548.1 crore the previous year.

Sahil Barua, MD and CEO of Delhivery, said the deal aligns with the growing need for cost efficiency, speed, and reach in India’s logistics sector. “This acquisition will enable us to serve customers of both companies better through continued bold investments in infrastructure, technology, network, and people,” he added.

Delhivery emphasized that logistics is a scale-driven industry where efficiencies translate into better service and pricing. The acquisition will help expand Delhivery’s network quality through automation, EV adoption, R&D in robotics and drones, enhancing its position as a logistics powerhouse.

Both companies combined have fulfilled over 5 billion shipments, setting the stage for accelerated growth and innovation.