India, Aug. 1 -- The acquisition of competitor Ecom Express has increased logistics major Delhivery's market share by 25%, CEO Sahil Barua said during Delhivery's Q1 earnings call.

"With Ecom's acquisition, which was about 50% of our size, I believe our overall market share would have expanded by about 25% or so, possibly higher than that value," Barua said.

The increase in the market share came on the back of a higher-than-expected retention of Ecom Express' user base. Delhivery said it retained about 50-55% of Ecom Express' volume, higher than the 30% retention it expected.

Ecom Express had a wider pin code reach than Delhivery. With the activation of the new locations, Delhivery is expected to reach 19,200 pin codes in the coming qu...