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Delhivery Challenges Ecom Express' IPO Metrics

  • Delhivery has publicly disputed the accuracy of metrics in Ecom Express' IPO prospectus.
  • The SoftBank-backed firm claims Ecom Express misrepresented Delhivery's business metrics.
  • Delhivery alleges Ecom Express inflates shipment figures by counting returns as two shipments.
  • The firm also contests Ecom Express' cost per shipment calculations and zipcode coverage claims.
  • This dispute arises as Ecom Express aims to raise $310 million in its upcoming IPO.

Source: Techcrunch

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10mo ago
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