Delhivery acquires Aramex's India operations to expand e-commerce logistics footprint
Gurugram-based Delhivery has acquired the India unit of Dubai courier giant Aramex on undisclosed terms, deepening its lead in India's $1.35 billion e-commerce logistics market. The deal follows $257.6 million raised and comes as Delhivery eyes a unicorn-level funding round despite a Rs 692.21 crore FY18 net loss.
Delhivery acquired the India operations of Dubai-based Aramex (terms undisclosed), strengthening its position in India's e-commerce logistics market that serves major retailers, amid growth and a planned unicorn-level funding round.
Why this matters
The Aramex India buy extends Delhivery's acquisition streak, following its purchase of retail tech startup Primaseller to boost omnichannel capabilities and tighten its grip on e-commerce logistics.
Retail-company signals are accelerating, up 765800% QoQ.