Ecom Express Buyout Expands Delhivery’s Market Share By 25%

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…