Delhivery publicly challenged Ecom Express's metrics presented in their IPO draft, claiming inaccuracies in the competitor's presentation that could mislead investors.
Delhivery asserts that what it defines as a single shipment is counted as two by Ecom Express, causing a significant inflation in volume figures supposedly reported by Ecom.
Moreover, Delhivery has raised concerns over Ecom Express's disclosures regarding service EBITDA and corporate costs, emphasizing the need for consistent definitions for these metrics to ensure transparency.
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