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Listed logistics giant Delhivery Ltd has announced the acquisition of a controlling 99.4% stake in Ecom Express for ₹1,407 crore in an all-cash deal. 

The acquisition, subject to regulatory approvals including from the Competition Commission of India (CCI), is expected to be completed within six months.

The deal comes as a surprise, as Ecom Express was preparing to go public. It had filed papers for a ₹2,600 crore IPO in August 2024 and got SEBI’s approval in December. However, it never moved forward with the listing.

The company was valued at around ₹7,000 crore during its last funding round in June 2024. Now, it’s being acquired for ₹1,407 crore—much lower—suggesting this might be a fire-sale. 

Commenting on the acquisition, Managing Director and CEO of Delhivery Sahil Barua said,

“The Indian economy requires continuous improvements in cost efficiency, speed and reach of logistics. We believe this acquisition will enable us to service customers of both companies better, through continued bold investments in infrastructure, technology, network and people.” 

“This acquisition marks a new growth phase for Ecom Express, and the combined strengths of both companies will drive substantial benefits for businesses across India and the logistics industry as a whole,” Ecom Express founder K Satyanarayana added. 

Founded in 2012, Ecom Express has built a strong B2C logistics network in tier-II cities and was one of the first to test drone deliveries, starting in Delhi-NCR in 2024.

Despite past disagreements over data in Ecom Express’ IPO documents, Delhivery has now acquired the company, boosting its position in warehousing, quick commerce, and drone delivery.

Also Read: Zomato food delivery COO Rinshul Chandra Resigns

Delhivery also plans to grow its rapid delivery service, aiming for ₹80–100 crore in revenue from it in FY25.

Ecom Express earned ₹2,609 crore in FY24, with a reduced net loss of ₹255.8 crore. Over half of its revenue came from its top customer—likely Meesho, which launched its own logistics unit, Valmo.

Rinshul Chandra, Chief Operating Officer of Zomato’s Food Delivery business, has announced his resignation, the company confirmed in a regulatory filing. He submitted his resignation on April 5 and will officially step down on April 7, 2025. 

Chandra joined Zomato in 2018 as Assistant Vice President of Product and steadily rose through the ranks to become Vice President, Head of Business, and eventually COO. 

In his resignation letter addressed to Zomato Founder and CEO Deepinder Goyal, Chandra stated that he was stepping down to pursue new opportunities and passions aligned with his evolving personal and professional goals. 

Zomato has not yet announced a successor for the position. 

His departure comes as the company navigates internal restructuring, including the recent layoff of nearly 600 customer support executives. These employees were hired under the Zomato Associate Accelerator Program (ZAAP), launched last year with the promise of career growth. 

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However, many of their contracts were not renewed following the launch of Nugget, the company’s AI-powered customer support platform. 

The layoffs—attributed to increased adoption of AI—impacted teams based in Zomato’s Gurugram and Hyderabad offices. Around 1,500 associates were originally hired under the ZAAP program. 

Chandra’s exit adds to a string of high-profile departures in recent months, including Hemal Jain (Global Head of Finance and CFO of Hyperpure), Akriti Chopra (Co-founder and Chief People Officer), and Gunjan Soni (Independent Director). 

Zomato recently rebranded its parent company to Eternal Limited, which now oversees four key businesses—Zomato (food delivery), Blinkit (quick commerce), Hyperpure (B2B supply chain), and District (a newly launched initiative). Despite the corporate rebranding, the Zomato brand and app remain unchanged. 

In a significant move aligned with the Government of India’s push for sustainable innovation, EaseMyTrip.com has announced its ambitious entry into the electric mobility space with the launch of Easy Green Mobility—a project aimed at transforming public transport through electric vehicles.

The company plans to invest ₹200 crore and deploy over 4,000 electric buses across India by 2028.

Rikant Pitti, CEO and Co-founder of EaseMyTrip, shared the news on LinkedIn, stating,

“Inspired by Minister Piyush Goyal’s roadmap and driven by our unwavering commitment to excellence, we continue to push boundaries and set new benchmarks. Together, we are paving the way for a future that is electric, sustainable, and unmistakably Indian.”

Founded in 2008 by Nishant Pitti, Rikant Pitti, and Prashant Pitti, EaseMyTrip began as a small, self-funded startup.

Today, it is one of India’s leading travel booking platforms, offering services such as hotel bookings, air tickets, domestic and international holiday packages, bus bookings, and white-label solutions.

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The brand is known for its customer-first approach, especially its zero convenience fee policy, and its continuous focus on innovation and trust.

A major milestone in the company’s growth was the acquisition of YoloBus, a tech-driven intercity travel service that enhanced travel comfort and convenience.

“This is not just about buses. It’s about changing how people travel while also protecting the environment,” Pitti added.

With this move, EaseMyTrip aims to support India’s vision of self-reliance, promote economic growth, and generate employment opportunities.

The company also reaffirmed its commitment to continue launching new technology-driven solutions that make travel smarter, easier, and greener.

Motohom, a Mumbai-based luxury caravan rental company, marked a major milestone with the launch of its latest high-end vanity van, officially inaugurated by actor and entrepreneur Suniel Shetty.

Sachin Panchal, the founder of Motohom, shared the moment on LinkedIn, stating:

“A Star-Studded Beginning to a New Journey!
We’re beyond thrilled to share a milestone moment for Motohom — our newest luxury vanity van was officially inaugurated by none other than Suniel Shetty sir himself!”

Founded in 2020, Motohom is a luxury caravan rental company that collaborates with Maharashtra Tourism to offer unique travel experiences. It allows people to explore scenic destinations in stylish, fully-equipped motorhomes, making road trips more comfortable and memorable.

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The newly launched vanity van is being called a “mobile masterpiece” for its smart design, comfort, and innovation. From concept to completion, the project highlights the team’s creativity and dedication. It’s considered a major leap forward in India’s growing mobile luxury segment.

Suniel Shetty praised the brand’s vision and execution, expressing strong support for Motohom’s mission to lead the caravan travel revolution in India.

The company expressed heartfelt thanks to its team, partners, and supporters who have been part of the journey so far. A full reveal video of the new vanity van will be released soon, offering a closer look at its standout features.