Delhivery acquires Aramex India operations to deepen e-commerce logistics footprint
Gurugram-based Delhivery has agreed to buy Aramex's India unit, expanding its reach in a $1.35B e-commerce logistics market growing 36%. Deal terms are undisclosed and closure remains pending per Aramex's country manager. Delhivery, which has raised $257.6M, handles 19 lakh shipments/day across 30 fulfillment centres.
Delhivery has acquired Aramex's India operations, strengthening its foothold in India's e-commerce logistics market, though deal terms remain undisclosed and closure is pending per Aramex's country manager.
Why this matters
The Aramex India buy follows Delhivery's push to scale e-commerce logistics ahead of a $450M raise, and comes after a tepid IPO debut with only 4% subscribed in the first two hours.
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