Delhivery acquires Aramex India unit to expand e-commerce logistics footprint
Gurugram-based Delhivery has bought the India operations of Dubai's Aramex, strengthening capacity in a $1.35 billion e-commerce logistics market projected to grow 36%. The Tiger Global- and Carlyle-backed startup, which raised $257.6 million, moves ~19 lakh shipments a day. Deal terms undisclosed.
Delhivery acquired the India operations of Dubai-based Aramex, strengthening its e-commerce logistics footprint. Terms undisclosed. The deal expands capacity in India's fast-growing retail logistics market amid rising e-commerce delivery demand.