Ecom Express employees resign after Delhivery acquisition approval

Approximately 150 Ecom Express employees have resigned, with more senior staff expected to leave following Delhivery's acquisition approval by the CCI. The resignations, primarily from mid-level and regional operations, are anticipated due to role redundancies after Delhivery's takeover. The acquisition, valued at ₹1,400 crore, is awaiting CCI approval, expected within 45 days. The acquisition signals potential consolidation in the logistics sector, with Delhivery aiming to absorb qualified Ecom Express staff. Ecom Express was previously planning an IPO but faced challenges, including competition and reliance on a single client.