Delhivery acquires Aramex's India unit, tightening grip on e-commerce logistics
Gurugram-based Delhivery buys the India operations of Dubai courier giant Aramex, deepening its lead in India's $1.35B e-commerce logistics market. Deal terms undisclosed as the startup eyes a fresh round pushing toward unicorn status, despite a Rs 692 crore FY18 net loss.
Delhivery has acquired Aramex's India operations, strengthening its position in India's e-commerce logistics market. Terms undisclosed; deal reportedly nearing close as Delhivery eyes a new funding round pushing it toward unicorn status.
Why this matters
This acquisition extends Delhivery's inorganic growth streak after buying retail-tech firm Primaseller to push beyond core logistics, reinforcing its dominance in e-commerce delivery ahead of a potential unicorn round.
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