Delhivery To Buy Controlling Stake In Ecom Express For ₹14.07 Billion

Delhivery will acquire controlling stake in Ecom Express for ₹14.07 billion in cash, with the deal set to close in six months pending regulatory approval. The move is aimed at expanding Delhivery’s scale, network, and vendor reach. Ecom Express had revenue of ₹26.07 billion in financial year 2023-24.