Greenlit & Game On: Delhivery to Swallow Ecom Express in 99% Mega Takeover

India’s antitrust watchdog has officially approved Delhivery Ltd’s acquisition of at least 99.44% stake in Ecom Express Ltd, marking a pivotal moment in the country’s logistics and e-commerce infrastructure landscape. The deal, once completed, will create one of India’s largest end-to-end logistics powerhouses, combining Delhivery’s tech-driven supply chain capabilities with Ecom Express’s deep reach in last-mile delivery.

 

This strategic consolidation is expected to significantly enhance Delhivery’s presence in Tier II and Tier III cities, where Ecom Express has built a strong foothold through its extensive network and e-commerce-focused delivery model. The acquisition also aligns with Delhivery’s long-term vision to dominate the full-stack logistics space, from warehousing and freight to doorstep delivery.

 

While financial terms remain undisclosed, industry insiders estimate the deal to be valued in the range of ₹5,000–₹6,000 crore. The Competition Commission of India’s (CCI) nod comes after a detailed review of potential market concentration and consumer impact, ultimately concluding that the merger would not stifle competition.

 

Investors have responded positively, with Delhivery’s stock seeing a modest uptick amid expectations of operational synergies, cost optimization, and accelerated growth in the booming e-commerce sector. The move also signals a broader trend of consolidation in India’s logistics ecosystem, as players seek scale and efficiency in a highly competitive market.

 

With this acquisition, Delhivery is poised to redefine the contours of digital commerce logistics in India.

 

Sources: Economic Times, Business Standard, Exchange Filings