Delhivery acquires Aramex India ops, bolstering e-commerce logistics ahead of $450M raise
Gurugram-based Delhivery has agreed to buy the India operations of Dubai courier giant Aramex, deepening its e-commerce logistics footprint. The deal, not yet closed, comes as Delhivery nears unicorn status and preps a planned $450M funding round in a market valued at $1.35B in 2018 and growing ~36%.
Delhivery has acquired the India operations of Dubai-based courier Aramex (deal not yet closed), strengthening its e-commerce logistics footprint as it approaches unicorn status ahead of a planned $450M funding round.
Why this matters
The Aramex India acquisition builds Delhivery's logistics scale in the same period it pursued public markets, where its IPO drew tepid early demand at just 4% subscribed in the first two hours.
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