Ecom Express hit by 150 resignations before Delhivery deal: Report

Around 150 mid-level and regional operations employees have reportedly resigned from Ecom Express ahead of its acquisition by logistics firm Delhivery.

According to a Mint report, the resignations come as the company awaits approval from the Competition Commission of India (CCI), which is expected within the next 45 days.

According to the report, the resignations are said to be voluntary; however, the forthcoming integration with Delhivery is anticipated to lead to role redundancies and operational restructuring.

Ecom Express CEO Ajay Chitkara and other senior executives are also expected to exit after regulatory clearance, the report added.

The development follows Delhivery’s planned acquisition of 99.4% stake in Ecom Express Limited for a cash consideration of up to Rs 1,407 crore ($169.5 million). 

Before the acquisition, Ecom Express raised over $290 million in a round. Founded in 2012 and headquartered in Gurugram, Ecom Express is a full-stack, technology-driven logistics company. 

Delhivery declined to comment on the matter.

Ecom Express reported revenue from operations of Rs 1,912 crore during the first three quarters of FY25, according to an internal document reviewed by Entrackr. For context, the company recorded Rs 2,653 crore in revenue for the full fiscal year FY24.