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Chirag
ย โขย
&OTHERSย โขย 3m
From โน7,000 Cr to โน1,407 CrโEcom Expressโs fall is a startup cautionary tale. Once hailed as an IPO-bound logistics unicorn, itโs now sold in a distress deal to Delhivery, with an 80% value erosion in just a year. Why? Overdependence on Meesho (40โ50% biz), co-founderโs untimely demise, โน375 Cr in FY23 losses, and failed IPO due to governance concerns. Investors like Warburg Pincus and Partners Group are exiting with huge losses. The lesson? Customer concentration kills. Governance matters. Valuation โ value. Startups must shift focus from raising capital to building sustainable, profitable businesses. One shaky startup story can dent global investor trust. Are we finally ready to talk unit economics over unicorns?
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