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Delhivery to acquire 99.4% stake in Ecom Express

Apr 19, 2025

Acquiring Company

Delhivery

Acquired Company

Ecom Express Limited

GurugramGurugramOil And GasTransportationSupply Chain ManagementLogisticsFinancial ServicesTransportationE CommerceSupply Chain ManagementLogisticsDelivery

Description

Delhivery has announced plans to acquire a 99.4% stake in Ecom Express for INR 1,407 Cr. This acquisition comes at a steep 80% discount from Ecom Express's previous valuation of INR 7,300 Cr. Following the deal's announcement, Delhivery applied for regulatory approval to proceed with the transaction, aiming to leverage increased scale and profitability amid challenges faced by Ecom Express.

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Company Information

Company

Delhivery

Location

Gurugram, Haryana, India

About

Delhivery is targeting a public market listing next year to raise around $650-$800 million, for which it is in talks with investment bankers such as Citibank, Kotak Mahindra Capital, Bank of America Merrill Lynch and Axis Capital, ET had reported earlier.

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Frequently asked

Who acquired Ecom Express Limited?

Ecom Express Limited was acquired by Delhivery, based in Gurugram. The deal was reported on April 19, 2025. Delhivery is privately held and operates in Oil And Gas.

When did Delhivery acquire Ecom Express Limited?

Delhivery's acquisition of Ecom Express Limited was reported on April 19, 2025. Delhivery has announced plans to acquire a 99.4% stake in Ecom Express for INR 1,407 Cr. This acquisition comes at a steep 80% discount from Ecom Express's previous valuation of INR 7,300 Cr. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Ecom Express Limited do?

Join the hundreds of thousands of satisfied customers across 4 continents with E-com Express technology and start selling online today. It is privately held, operating in Financial Services, and is based in Gurugram.

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