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Early investors of Ecom Express are wrong in holding the view that Delhivery’s acquisition of the company is the result of some grand conspiracy or that they have been cheated in the process.

The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
The e-commerce platform appears to have put on a good show in FY26, outpacing itself on most fronts. However, the margins tell a different story, one that investors should pay close attention to.
A correct summary of modern times is that there are decades when nothing happens and then there are weeks in which a lot comes to pass. Like these past few weeks.