<ul><li>Gurugram-based logistics company Delhivery to acquire a controlling stake in rival Ecom Express for Rs 1,400 crore in cash.</li><li>Ecom Express provides first-mile pickup, last-mile delivery, and fulfillment services, having delivered nearly 2 billion shipments since its inception.</li><li>Delhivery offers a wide range of logistics services and has fulfilled over 3.4 billion shipments, working with large and small e-commerce participants, SMEs, and other enterprises.</li><li>Transaction subject to approval from the Competition Commission of India and customary closing conditions.</li></ul>

Gurugram-based Delhivery to acquire rival Ecom Express for Rs 1,400 crore in cash

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