Delhivery acquires Aramex India unit to bolster e-commerce logistics ahead of unicorn push
Gurugram-based Delhivery has agreed to buy the India operations of Dubai's Aramex, deepening its e-commerce delivery footprint amid a $450M fundraise. Terms undisclosed and Aramex says the deal is yet to close. Delhivery handles ~19 lakh shipments/day in a $1.35B market forecast to grow 36%.
Delhivery has acquired the India operations of Dubai-based logistics firm Aramex, strengthening its e-commerce logistics position ahead of unicorn status. Terms undisclosed; Aramex India says deal is yet to close.