Delhivery acquires Aramex India unit, tightening grip on e-commerce logistics ahead of unicorn status
Gurugram-based Delhivery has bought the India operations of Dubai's Aramex, expanding its footprint in a $1.35 billion e-commerce logistics market projected to grow 36%. The startup, valued at $700-800 million after raising $257.6 million, sharpens its edge against Ecom Express, Xpressbees and Shadowfax. Deal terms undisclosed; parties gave conflicting closure statements.
Delhivery has acquired the India operations of Dubai-based Aramex, strengthening its foothold in India's e-commerce logistics market as it nears unicorn status. Deal terms undisclosed; parties gave conflicting statements on whether it has formally closed.
Why this matters
Continues Delhivery's push to lead e-commerce logistics, echoing prior signals on the Aramex India acquisition and its near-unicorn valuation as it consolidates market position.
Retail-company signals accelerating, up 578100% QoQ.