Delhivery acquires Aramex India unit, nears unicorn status with planned $450M raise
E-commerce logistics startup Delhivery is buying Aramex's India operations to strengthen its retail supply-chain backbone. The deal comes as Delhivery targets a $450M round valuing it above $1B, despite a Rs 692.21 crore net loss against Rs 1,023.05 crore operating income.
E-commerce logistics startup Delhivery is acquiring Aramex's India operations, strengthening its position in India's e-commerce delivery market as it nears unicorn status with a planned $450M raise valuing it over $1 billion.