Delhivery to acquire a controlling stake in Ecom Express for $172m.

Delhivery, a fully-integrated logistics services provider, agreed to acquire a controlling stake in Ecom Express, an end-to-end technology enabled logistics solutions provider, for $172m. “The Indian economy requires continuous improvements in cost efficiency, speed and reach of logistics. We believe this acquisition will enable us to service customers of both companies better, through continued bold investments in infrastructure, technology, network and people. The founders and management of Ecom Express have established a high quality network and team, creating a strong foundation to integrate into Delhivery’s operations,” Sahil Barua, Delhivery MD and CEO.