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Delhivery's Ecom Express acquisition boosts market share to 30%
Business
Delhivery just made a major move by acquiring Ecom Express for ₹1,407 crore, boosting its market share to between 27% and 30%.
The deal wrapped up in July, and Delhivery wasted no time—folding Ecom's operations into its own, keeping seven key facilities, and cutting corporate costs by 85%.
The company is also dropping less profitable parts of Ecom's business to keep things lean.
Logistics landscape shift
This is a peek at how India's logistics game is changing fast.
Delhivery's revenue jumped 16% to ₹2,546 crore last quarter, and they handled 32% more parcels than before.
With competition cooling off and profit margins expected to top 18%, this move could set the pace for the whole industry—showing how smart strategy (and some bold spending) can shake things up.