Delhivery has received the Competition Commission of India’s (CCI) approval to acquire a 99.4% stake in Ecom Express. The acquisition is valued at ₹1,407 crore in cash and gives Delhivery near-total control over the e-commerce logistics company. The regulatory nod marks a key milestone in Delhivery’s ongoing strategy to scale operations and strengthen its position in the competitive logistics landscape.
Deal Strengthens Market Presence
he acquisition significantly boosts Delhivery’s market presence and operational capabilities across India’s rapidly growing e-commerce logistics sector. By acquiring almost all of Ecom Express’s equity, Delhivery gains access to a vast delivery network and established logistics infrastructure. This move enhances Delhivery’s efficiency and allows the company to serve a broader range of e-commerce clients nationwide.
Revenue Scale-Up Adds Financial Weight
With Ecom Express reporting revenues of ₹2,607 crore in FY 2023-24, the deal immediately expands Delhivery’s revenue base. The financial integration positions Delhivery to operate with greater scale, offering improved logistics solutions across more regions. The revenue addition also supports Delhivery’s ambition to consolidate its dominance in the Indian logistics market.
Strategic Consolidation in Logistics Sector
The acquisition reflects a broader trend of consolidation in the Indian logistics sector, driven by increasing e-commerce demands. With this strategic move, Delhivery strengthens its logistics footprint and increases its ability to handle higher shipment volumes efficiently. The deal also allows Delhivery to offer a more robust and integrated logistics experience to its customers.
Operational Synergies and Scale Advantage
The acquisition enables Delhivery to leverage Ecom Express’s last-mile delivery expertise and pan-India reach. As a result, Delhivery can optimize route planning, reduce turnaround time, and improve service levels across its delivery network. These operational synergies are expected to result in long-term cost savings and improved service reliability.
CCI’s Green Signal Marks Regulatory Closure
The CCI’s approval, granted on June 17, 2025, removes all regulatory hurdles and clears the way for transaction closure. With the acquisition now approved, Delhivery can proceed with integration efforts and begin aligning operations with Ecom Express. This alignment will likely result in increased operational agility and better use of combined resources.
Enhancing Service Capabilities for E-Commerce Growth
India’s e-commerce sector continues to expand rapidly, demanding faster and more reliable logistics services across urban and rural regions. By acquiring Ecom Express, Delhivery positions itself to meet these growing demands with improved delivery performance. The expanded network will allow Delhivery to reach more pin codes and fulfill customer expectations more effectively.
Looking Ahead: Strengthened Competitive Edge
This acquisition gives Delhivery a stronger competitive edge, allowing it to better compete with other major logistics players in India. With increased scale and enhanced infrastructure, Delhivery is now better equipped to lead the next phase of growth in e-commerce logistics. The acquisition also paves the way for future investments and innovations in delivery technology.
Conclusion
Delhivery’s ₹1,407 crore acquisition of a 99.4% stake in Ecom Express has received CCI approval, marking a key industry development. The deal strengthens Delhivery’s scale, improves its revenue profile, and boosts investor sentiment. With this strategic move, Delhivery reinforces its leadership position in India’s e-commerce logistics space, positioning itself for sustained long-term growth.
