Delhivery acquires Aramex India unit to bolster e-commerce logistics footprint
Gurugram-based Delhivery is buying the India operations of Dubai's Aramex to deepen its last-mile delivery capacity in a market projected to grow 36%. Deal terms remain undisclosed. Delhivery, valued at $700-800 million and backed by Tiger Global and Carlyle, posted Rs 692.21 crore in FY18 net losses.
Delhivery is acquiring Aramex's India operations to strengthen its e-commerce logistics position, though deal terms remain undisclosed. The move consolidates India's fast-growing last-mile delivery market critical to online retailers.
Why this matters
The Aramex India acquisition confirms Delhivery's earlier move to consolidate e-commerce logistics, expanding last-mile reach ahead of its IPO, which drew a slow 4% subscription in its first two hours.
Retail-company signals accelerating at +638800% QoQ.