The 442-page draft prospectus (PDF) submitted by Ecom Express last month said the startup had shipped 514.41 million packages in the fiscal year ended March 2024, while Delhivery handled 740 million during the same period.
Delhivery alleged in a filing to the stock exchanges on Friday that this comparison was flawed, asserting that what it considers a single shipment is counted as two by its rivals, suggesting that Ecom Express’ volume figures are potentially inflated. Delhivery said that its rival counts returned orders as two shipments.