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Delhivery also said it retained about 50-55% of Ecom Express’ volume, higher than the 30% retention it expected
CEO Barua added that the impact of the acquisition on Delhivery’s financial numbers in Q1 was limited as the rise in volume was only seen towards the end of June
Delhivery expects to incur an integration cost of INR 300 Cr due to the acquisition, the impact of which will be reflected in its profit and loss statement for Q2 and Q3
The acquisition of…
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Delhivery also said it retained about 50-55% of Ecom Express’ volume, higher than the 30% retention it expected
CEO Barua added that the impact of the acquisition on Delhivery’s financial numbers in Q1 was limited as the rise in volume was only seen towards the end of June
Delhivery expects to incur an integration cost of INR 300 Cr due to the acquisition, the impact of which will be reflected in its profit and loss statement for Q2 and Q3
The acquisition of…
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.
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