<ul><li>Delhivery is acquiring rival logistics firm Ecom Express in an all-cash deal for Rs 1,407 crore.</li><li>Ecom Express, which had a valuation of around Rs 7,000 crore less than a year ago, is being sold in a distress sale.</li><li>Ecom Express faced challenges in sustainable profitability and lost its leadership after co-founder Krishnan passed away.</li><li>The company had to shelve its IPO plans due to market uncertainty and has now been acquired by Delhivery.</li></ul>

Ecom Express, once valued at Rs 7,000 crore, sold to Delhivery for Rs 1,407 crore in a distress deal

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