Delhivery acquires Aramex's India unit, deepening e-commerce logistics footprint
Gurugram-based Delhivery buys the India operations of Dubai courier giant Aramex, deal terms undisclosed. Backed by Tiger Global and Carlyle, the startup nears unicorn status as it consolidates its position in India's $1.35B e-commerce delivery market against rivals Ecom Express, Xpressbees and Shadowfax.
Delhivery acquires Aramex's India operations, deal terms undisclosed, strengthening its e-commerce logistics footprint. The Gurugram startup, backed by Tiger Global and Carlyle, nears unicorn status amid India's fast-growing $1.35B e-commerce delivery market.
Why this matters
The Aramex India buy follows Delhivery's push to consolidate e-commerce logistics leadership, coming alongside its IPO, which drew muted early demand at 4% subscribed after two hours.
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