New Delhi, April 14 -- Two failed IPO attempts, allegations of inaccurate disclosures in the draft red herring prospectus, cost-cutting through layoffs, and finally a sale to Delhivery at an 80% discount to its peak valuation of Rs.7,000 crore. This sums up the journey of Ecom Express, once India's second-largest third-party logistics company after Delhivery.

crore acquisition comes as the logistics sector grapples with weak pricing pressure and profitability concerns resulting from too many players. This could lead to further consolidation in the sector, with larger companies acquiring smaller rivals.

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