Ecom Express’ Acquisition To Boost Profitability: Delhivery

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SUMMARY

Delhivery said that no new technology integrations will have to be “created or changed” as part of the deal as there is a near total overlap between the two companies

Delhivery said that Ecom Express reported a net loss of INR 398 Cr in 9M FY25 as compared to INR 215 Cr loss reported for the entire FY24

The clarification came nearly a week after Delhivery announced that it would acquire a 99.4% stake in Ecom Express for INR 1,407 Cr in an all-cash deal

Logistics major Delhivery has said that its INR 1,407 Cr…



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Ecom Express’ Acquisition To Boost Profitability: Delhivery


SUMMARY

Delhivery said that no new technology integrations will have to be “created or changed” as part of the deal as there is a near total overlap between the two companies

Delhivery said that Ecom Express reported a net loss of INR 398 Cr in 9M FY25 as compared to INR 215 Cr loss reported for the entire FY24

The clarification came nearly a week after Delhivery announced that it would acquire a 99.4% stake in Ecom Express for INR 1,407 Cr in an all-cash deal

Logistics major Delhivery has said that its INR 1,407 Cr…



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.

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