Delhivery acquires Aramex's India unit to bolster e-commerce logistics footprint
Gurugram-based Delhivery buys the India operations of Dubai's Aramex, deepening its lead in India's $1.35 billion e-commerce logistics market. Deal terms undisclosed and not yet formally closed. Delhivery, having raised $257.6 million, eyes a fresh round targeting unicorn status despite a Rs 692.21 crore net loss in FY2018.
Delhivery acquires Aramex's India operations, strengthening its position in India's e-commerce logistics market. Deal terms undisclosed and not yet formally closed. Delhivery eyes new funding round targeting unicorn status.