Delhivery acquires Aramex's India unit to expand e-commerce logistics footprint
Gurugram-based near-unicorn Delhivery buys the India operations of Dubai courier giant Aramex for an undisclosed sum, adding to its network of 30 fulfillment and 19 sorting centres. The move tightens competition with Rivigo, Ecom Express and Xpressbees in India's $1.35B e-commerce logistics market forecast to grow 36%.
Delhivery has acquired the India operations of Dubai-based Aramex, strengthening its e-commerce logistics footprint. Deal value undisclosed. The near-unicorn Gurugram startup operates 30 fulfillment and 19 sorting centres, competing with Rivigo, Ecom Express, and Xpressbees.
Why this matters
The acquisition follows Delhivery's IPO, which drew just 4% overall subscription in its first two hours, and HSBC's target cut to Rs 490 on cost pressures. Expanding scale signals a push to justify valuation amid weak investor sentiment.
Retail-company signals are accelerating, up 707400% QoQ.