Mumbai, April 7 -- The completion of the transaction is subject to approval from the Competition Commission of India and other customary closing conditions.

Gurugram-based Ecom Express, incorporated in August 2012, is an end-to-end technology enabled logistics solutions provider to the Indian retail and e-commerce industry. As of 31 March 2024, the company reported a turnover of Rs 2,607.30 crore.

Logistics is a scale-driven sector, where larger operational networks can lead to improved efficiencies and more competitive service offerings. Delhivery stated that this acquisition is intended to enhance its scale and strengthen its value proposition to clients.

The increased scale is expected to enable greater investments in areas such as ...