Final Mile Masterstroke: Delhivery Secures Total Control Over Ecom Express

Delhivery, the Indian tech-logistics giant, has finalized the purchase of the remaining 21.12% stake in Ecom Express, and since July 23, 2025, it is a wholly owned subsidiary. It is a milestone deal that marks the culmination of a series of strategic build-ups that began in April 2025 when Delhivery initially acquired the majority stake, a bold consolidation in highly competitive e-commerce logistics in India.

 

Key Highlights

Complete Stake Acquired: Delhivery has acquired 100% stake in Ecom Express by buying the remaining 21.12% stake following an earlier acquisition of a majority holding of 78.75%.

 

Deal Value: The total deal was valued at approximately ₹1,369 crore, revised from an earlier estimate of ₹1,407 crore, as a sign of strategic value capture negotiation.

 

Regulatory Clearances: The transaction was approved by the Competition Commission of India (CCI) and thereby met all the compliance conditions.

 

Industry Impact: The deal makes Delhivery a market leader in pan-India logistics, warehousing, last-mile delivery, and express delivery, especially penetrating deeper into India's tier 2 and 3 cities.

 

Synergy and Growth: Integration would probably result in cost optimization, cost savings, and better service for e-commerce companies—especially in the rural and semi-urban segments.

 

Market Consolidation: The development follows after Ecom Express experienced declining volume and operational challenges, with parent investors looking for an exit amid shifting e-commerce supply chain dynamics.

 

What's Next?

With Ecom Express' extensive network being brought into Delhivery's platform, the combined entity will seek to set new benchmarks for speed, reach, and reliability in Indian logistics, to the advantage of large marketplaces as well as aggressive D2C brands.

 

Source: TradingView/Reuters, X.com