Delhivery Completes Ecom Express Acquisition, Begins Integration Plan
The company notes that overall revenue retention from the acquisition is currently trending ahead of plan
The company notes that overall revenue retention from the acquisition is currently trending ahead of plan
The deal involves Delhivery acquiring at least 99.44 per cent of the equity and preference shareholding (on a fully diluted basis) in Ecom Express
The companies state that the proposed transaction will enable them to better serve their customers through continued investments in infrastructure, networks and people
The company highlights that this acquisition is also expected to foster growth within the vendor ecosystem in the country
Ecom Express, an end-to-end technology-enabled logistics solutions provider to ecommerce industry backed by marquee private equity investors Partners Group, Warburg Pincus and British International Investment, on Thursday, announced that Ajay Chitkara will join as the new Managing Director and Chief Executive Officer of the Company. Chitkara currently serves as Director & CEO of Bharti Airtel’s […]