Delhivery acquires Aramex India, tightening grip on e-commerce logistics as it nears unicorn status
Gurugram-based Delhivery has bought the India operations of Dubai courier giant Aramex, deepening its footprint in a $1.35B e-commerce logistics market forecast to grow 36%. The deal precedes a planned $450M raise that could value Delhivery above $1 billion, despite a Rs 692.21 crore FY18 net loss.
Delhivery has acquired Aramex's India operations, strengthening its position in India's e-commerce logistics market. Deal terms undisclosed; Delhivery nears unicorn status with a planned $450M raise potentially valuing it above $1 billion.
Why this matters
The Aramex India acquisition builds on Delhivery's aggressive expansion, coming alongside its IPO push that drew 4% subscription in the first two hours with a 23% retail portion.
Retail-company signals are accelerating, up 603400% QoQ.