Delhivery Acquires Ecom Express: Delhivery, a leading third-party logistics (3PL) company in India, has announced its acquisition of Ecom Express Limited for ₹1,407 crore. The company informed the stock exchange on Saturday, April 5th, that its board has approved the purchase of approximately 99.4% shares of Ecom Express. This strategic move aims to significantly increase Delhivery’s scale and strengthen its value proposition for customers in the burgeoning e-commerce logistics sector.
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What Delhivery Said: Delhivery Acquires Ecom Express
In an exchange filing, Delhivery stated that the acquisition is intended to enhance its operational capabilities and market reach. The board has given the green light for the completion of the share purchase agreement (SPA) with Ecom Express and its shareholders, along with other necessary documentation.
Delhivery further clarified that the acquisition is expected to be finalized within 6 months from the date of the SPA execution, with a possibility of extension by mutual agreement. The completion of the transaction is contingent upon receiving approval from the Competition Commission of India and fulfilling customary closing conditions.
For this significant deal, Delhivery has appointed Shardul Amarchand Mangaldas & Co. as its legal advisor and Ernst & Young (EY) as its financial advisor.
Leadership Perspectives on Delhivery Acquires Ecom Express
Sahil Barua, MD and CEO of Delhivery, emphasized the strategic importance of the acquisition, stating: “The Indian economy needs continuous improvement in the logistics sector in terms of cost, speed and reach. This acquisition will help us to better serve the customers of both the companies.”
K. Satyanarayan, founder of Ecom Express, echoed this sentiment, highlighting the growth potential: “This deal is the beginning of a new growth phase for Ecom Express. The combined strength of both the companies will greatly benefit businesses and logistics industry across the country.”
Delhivery Acquires Ecom Express: Strategic Implications and Benefits
This acquisition positions Delhivery to further solidify its dominance in the Indian e-commerce logistics landscape. Ecom Express, founded in 2012 and serving major e-commerce players like Amazon, Meesho, and Nykaa, operates an extensive express logistics network across India. By integrating Ecom Express’s infrastructure and client base, Delhivery gains a significant opportunity to:
- Expand its market share: The acquisition directly adds a substantial network and customer base to Delhivery’s existing operations.
- Strengthen its service capabilities: Combining the strengths of both companies can lead to improved efficiency, speed, and reach for deliveries.
- Enhance its value proposition: A larger scale and broader network will enable Delhivery to offer more competitive and comprehensive logistics solutions to its clients.
- Tap into a wider client base: Ecom Express’s established relationships with key e-commerce giants will provide Delhivery with access to a larger pool of potential customers.
#Delhivery Limited Acquires 99.4% Stake In IPO Bound Ecom Express Limited For 1,407 Crores.
— Normal Guy (@Normal_2610) April 5, 2025
Post acquisition they now hold 28% market share.
First, look at who controls what much market share and guess the future? data is not fully accurate pic.twitter.com/0WIavNZpC5
Delhivery’s Stock Performance
As of the market closing on April 4th, Delhivery’s market capitalization stood at ₹19.46 thousand crores on the BSE. On Friday, April 4th, the company’s stock experienced a 0.97% decline, closing at ₹261. Year-to-date, the stock has seen a decrease of ₹87.40 (25.09%).
Delhivery’s Journey So Far
Its shares were listed on both NSE and BSE on May 27, 2022, at ₹495.20, representing a premium of 1.68% over its issue price of ₹487.
- Founded in 2011 in Gurugram (then Gurgaon), Haryana, initially as a local delivery service.
- Quickly expanded its operations to provide nationwide delivery services.
- Emerged as a leading logistics company in India, specializing in e-commerce logistics.
- Successfully launched its IPO in May 2022, raising ₹5,235 crore.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗