Delhivery acquires Aramex India unit to deepen e-commerce logistics foothold
Gurugram-based Delhivery is buying the India operations of Dubai courier giant Aramex, expanding scale in a $1.35B e-commerce logistics market growing ~36%. Deal terms undisclosed and closure pending. Delhivery has raised $257.6M and was last valued at $700-800M, despite a Rs 692.21 crore net loss on Rs 1,023.05 crore FY18 operating income.
Delhivery acquires India operations of Dubai-based Aramex, strengthening its foothold in India's e-commerce logistics market, though deal terms remain undisclosed and closure is pending.
Why this matters
The Aramex India acquisition follows Delhivery's push toward unicorn status and its move to bolster e-commerce logistics leadership, extending a pattern of scale-building ahead of its eventual IPO.
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