<ul><li>Delhivery is set to acquire Ecom Express for ₹1,407 crore in a major consolidation move in India's logistics sector.</li><li>The deal comes at a challenging time for Ecom Express, which is facing layoffs, slowing demand, and paused IPO plans.</li><li>The acquisition, subject to regulatory approvals, will make Ecom Express a subsidiary of Delhivery and drive benefits for businesses in the logistics industry.</li><li>Delhivery and Ecom Express will focus on integrating route planning, warehousing networks, and technology platforms for improved service levels and economies of scale.</li></ul>

Delhivery to Acquire Ecom Express for ₹1,407 crore Amid Layoffs and Pause on IPO Plans

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