Delhivery acquires Ecom Express in ₹1,407 Cr deal

Delhivery is acquiring rival logistics firm Ecom Express in a ₹1,407 crore all-cash deal. This sets the stage for one of the biggest consolidations in India’s logistics space.

The deets: founded in 2012, Gurugram-based Ecom Express is a key player in last-mile logistics, with a focus on e-commerce deliveries. It clocked ₹2,607 crore in revenue in FY24 and has built a strong delivery network across metros and tier-2 cities.

For Delhivery, the acquisition is all about consolidation and scale. It adds more muscle to its network, cuts duplication, and gives it better operational control at a time when the logistics sector is shifting focus from growth to profitability.

Worth noting: the acquisition also ends a tense rivalry. Last year, Delhivery had accused Ecom Express of inflating shipment numbers in its draft IPO papers.

Zoom out: India’s e-commerce market is accelerating, both at the rural level and urban level, and the demand for logistics infrastructure is booming in lockstep. With scale, large players can significantly improve margins and leverage.