In a blow to its once-rich valuation, rel=”dofollow” href=”https://economictimes.indiatimes.com/delhivery-ltd/stocks/companyid-2041701.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Delhivery is acquiring rival ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/logistics-firm” target=”_blank”>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 ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/ecom-express” target=”_blank”>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…
