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Delhivery has sought approval from the Competition Commission of India to acquire a 99.4% stake in Ecom Express for ₹1,407 crore (US$164.8 million), asserting that the deal will not significantly impact competition in the logistics sector. This acquisition reflects a consolidation trend in India's logistics market, projected to grow to $484.43 billion by 2029, driven by e-commerce expansion. Despite operational challenges, Ecom Express's extensive infrastructure remains valuable, with the logistics industry contributing approximately 14% to India's GDP.
Delhivery is poised for a seamless integration of Ecom Express volumes into its network following the acquisition. This strategic move is expected to enhance operational efficiency and streamline logistics processes within the company.
Ecom Express has initiated a $165 million sale to Delhivery, driven by strategic shifts in the logistics sector. This move reflects the growing consolidation trend among e-commerce logistics providers, aiming to enhance operational efficiencies and market reach.
Ecom Express' acquisition is set to enhance Delhivery's profitability, signaling a strategic move in the competitive logistics sector. This development underscores the growing trend of consolidation among delivery services, aiming to optimize operations and expand market reach.
Southeast Asia's cleantech sector is crucial for addressing climate change, with renewable energy firms leading funding efforts at $143.6 million in the past year. Despite a significant funding drop in 2024, the region's startups continue to innovate in areas like electric vehicles and waste management.In other news, Malaysia's Prime Minister Anwar Ibrahim reassured that the country would not face a recession despite new US tariffs, emphasizing strong economic fundamentals. Meanwhile, Asian markets reacted negatively to escalating US-China trade tensions, and India launched a helpline for startups to report corruption.
Delhivery's acquisition of Ecom Express marks a significant milestone for the logistics sector, positioning Delhivery for enhanced growth. However, questions remain about Ecom Express's potential for sustained success in a competitive market landscape.
Delhivery plans to acquire a 99.4% stake in rival logistics firm Ecom Express for ₹1,407 crore (approximately $164.5 million). The all-cash deal, pending approval from the Competition Commission of India, aims to enhance operations and service quality through automation and electric vehicles. Ecom Express will function as a subsidiary of Delhivery post-acquisition.
Ecom Express, previously valued at Rs 7,000 crore, has been sold to Delhivery for Rs 1,407 crore in a distress deal. This significant drop in valuation highlights the challenges faced by the logistics company in the current market landscape.
Delhivery is set to acquire Ecom Express for $165 million. This strategic move highlights Delhivery's expansion efforts in the logistics sector, aiming to enhance its service offerings and market presence. The deal underscores the growing competition in the e-commerce logistics space.
Zepto CEO Aadit Palicha sees a significant opportunity in logistics, aiming to establish a "Delhivery for fruits and vegetables." He emphasized that as quick commerce expands, Zepto is well-positioned with one of India's largest direct-to-farm FnV supply chains, processing over 20 lakh units.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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