Delhivery acquires Aramex India as it nears unicorn status
Delhivery has bought Aramex's India operations to bolster its lead in the $1.35 billion e-commerce logistics market, absorbing 30 fulfillment centres and 2,500 delivery partners. Deal terms undisclosed; the startup is reportedly raising a $450 million round at over $1 billion valuation.
Delhivery has acquired Aramex's India operations, strengthening its position in India's e-commerce logistics market as it nears unicorn status. Deal terms undisclosed; Delhivery reportedly raising $450 million round valuing it over $1 billion.