Delhivery Acquires Aramex India Unit, Deepens E-Commerce Logistics Footprint
Gurugram-based near-unicorn Delhivery has bought the India operations of Dubai courier giant Aramex for undisclosed terms, expanding capacity in a $1.35B e-commerce logistics market projected to grow 36%. The Tiger Global and Carlyle-backed player has raised $257.6M despite a Rs 692.21 crore net loss.
Delhivery acquired the India operations of Dubai-based courier Aramex, strengthening its e-commerce logistics foothold. Terms undisclosed. The near-unicorn Gurugram startup backed by Tiger Global and Carlyle serves India's growing online retail delivery market.
Why this matters
The Aramex India acquisition follows Delhivery's push to tighten its grip on e-commerce logistics, adding capacity in a fast-growing market as the Gurugram-based near-unicorn scales despite ongoing losses.
Retail-company signals are accelerating, up 563500% QoQ.