Ecom Express, once valued at Rs 7,000 crore, sold to Delhivery for Rs 1,407 crore in a distress deal

Share via:


In a blow to its once-rich valuation, Delhivery is acquiring rival logistics firm Ecom Express in an all-cash deal for Rs 1,407 crore. The Gurugram-based company had been valued at around Rs 7,000 crore less than a year ago.

Here’s a timeline of how the once high-flying startup hit turbulence:

2012: Late T A Krishnan cofounded Ecom Express along with K Satyanarayana, Manju Dhawan, and Sanjeev Saxena—former Blue Dart executives. The company began operations in January 2013 from Gurugram, focusing on ecommerce logistics.

Rapid expansion: Ecom Express…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Ecom Express, once valued at Rs 7,000 crore, sold to Delhivery for Rs 1,407 crore in a distress deal


In a blow to its once-rich valuation, Delhivery is acquiring rival logistics firm Ecom Express in an all-cash deal for Rs 1,407 crore. The Gurugram-based company had been valued at around Rs 7,000 crore less than a year ago.

Here’s a timeline of how the once high-flying startup hit turbulence:

2012: Late T A Krishnan cofounded Ecom Express along with K Satyanarayana, Manju Dhawan, and Sanjeev Saxena—former Blue Dart executives. The company began operations in January 2013 from Gurugram, focusing on ecommerce logistics.

Rapid expansion: Ecom Express…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Sneaky apps on Play Store and App Store are...

A new phone threat is making people rethink...

2025 iPad Pro production underway, but pricing expected to...

2025 iPad Pro production is reportedly already underway,...

NPCI’s FY25 Profit Zooms 42% To INR 1,552 Cr

SUMMARY The National Payments Corporation of India (NPCI) reported...

Popular

Upcoming Events

TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX TWEX