Delhivery To Acquire Ecom Express In Rs 1,407-Crore Deal

Delhivery Ltd. on Saturday approved the acquisition of Ecom Express Ltd. for Rs 1,407 crore. The acquisition is to be completed within six months from the date of execution of the share purchase agreement.

The logistics solutions company will acquire shares equivalent to at least 99.4% of the issued share capital of Ecom Express, the company said in an exchange filing on Saturday.

"This acquisition aims to enhance Delhivery's scale, thereby strengthening its value proposition to clients," the company said in an exchange filing on Saturday.

The company expects to use revenue from the increased scale to invest in improving service quality through network expansion and network quality improvements, technology investments and research development.

The company further expects the acquisition to "foster growth within the vendor ecosystem." It also added that the existing vendors may gain further confidence to invest in assets and research, which will further benefit the logistic industry.

Ecom was incorporated in August 2012 and is an end-to-end technology enabled logistics solutions provider.

Delhivery expects its rapid commerce vertical to generate Rs 100 crore in revenue in financial year 2025-26. Speaking to NDTV Profit, Milind Sharma, head of rapid commerce and D2C at Delhivery, said the business is on track to achieve profitability.

Launched in January 2025, Delhivery's rapid commerce is a sub-two-hour delivery service aimed at D2C brands and e-commerce platforms. Delhivery plans to scale up this vertical rapidly, targeting 50 dark stores across key metros such as Delhi-NCR, Mumbai, Pune, Ahmedabad, Jaipur and Chandigarh.

The top executive noted that the rise of quick commerce has altered consumer expectations, making speed a key differentiator. Rapid commerce aims to bridge this gap for Delhivery's clients, he said.