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