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Delhivery to acquire 99.4 percent stake in Ecom Express for 164 million dollars
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.
Delhivery reports profit growth and revenue increase ahead of festive season
Delhivery reported a profit of Rs 10.2 crore in Q2FY25, marking its second consecutive profitable quarter, compared to a loss of Rs 103 crore in the same period last year. Revenue rose 13% to Rs 2,189.7 crore from Rs 1,941.7 crore in Q2FY24, driven by stable volume performance and seasonal capacity additions ahead of the festive season.
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