SoftBank-backed Delhivery alleges IPO-bound Ecom Express provided misleading data

The logistics firm also said that Delhivery delivers pan India and covers 18,793 pin codes as of March 31, 2024, and that there are 19,300 unique pin codes in the country. Ecom Express claims that it offers services in 27,000 pin codes.

Delhivery also said that the automation intensity of a logistics network is determined by sortation capacity in terms of number of shipments that can be sorted and not by the number of sorters or number of sortation centres.

Delhivery had 29 Automated Sortation Centres with 41 sorters and a sortation capacity of about 213 million shipments per month as of March 31, 2024.

Ecom Express, which is backed by Warburg Pincus, is planning to raise up to Rs 2,600 crore through IPO.

Leave a Reply

Your email address will not be published. Required fields are marked *