Delhivery acquires Aramex India unit, tightening grip on e-commerce logistics
Tiger Global- and Carlyle-backed Delhivery has bought Aramex's India operations, expanding its footprint in a $1.35B e-commerce delivery market growing ~36% over five years. The Gurugram firm—last valued at $700-800M and eyeing a $450M raise—nears unicorn status despite a Rs 692 crore net loss.
Delhivery has acquired Aramex's India operations, strengthening its e-commerce logistics position. The Gurugram startup, backed by Tiger Global and Carlyle, is nearing unicorn status amid a fast-growing but cost-challenged Indian e-commerce delivery market.