Delhivery acquires Aramex India unit to deepen e-commerce logistics lead
Gurugram-based Delhivery has agreed to buy the India operations of Dubai courier Aramex, though the deal is yet to close and terms remain undisclosed. The acquisition strengthens Delhivery's position in India's $1.35 billion e-commerce logistics market against rivals Rivigo, Ecom Express, Xpressbees and Shadowfax.
Delhivery has acquired the India operations of Dubai-based courier Aramex, though the deal is yet to close and terms are undisclosed. The buy strengthens Delhivery's position in India's growing e-commerce logistics market against rivals like Rivigo and Ecom Express.
Why this matters
The Aramex India deal follows Delhivery's push to scale logistics ahead of and beyond its IPO, which drew 4% subscription in its first two hours with the retail portion at 23%.
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