Delhivery has announced plans to acquire a 99.4% stake in rival logistics firm Ecom Express. The all-cash deal is valued at 1,407 crore rupee (US$164.5 million) and is subject to approval from the Competition Commission of India (CCI).

Once completed, Ecom Express will operate as a subsidiary of Delhivery.

The transaction is expected to close within six months of signing the share purchase agreement.

According to a regulatory filing, the acquisition aims to improve operations, expand the network, and enhance service quality through automation and electric vehicles.

CEO Sahil Barua said Ecom Express’s infrastructure and team would be integrated into Delhivery’s operations to better serve customers.

Recent Delhivery developments