Delhivery to acquire Aramex India, expanding e-commerce logistics footprint
Gurugram-based Delhivery has agreed to buy the India operations of Dubai's Aramex, deepening its last-mile and fulfillment network. Deal terms undisclosed and not yet closed. Delhivery runs 30 fulfillment and 19 sorting centres, has raised $257.6M, and eyes a unicorn valuation via a fresh funding round.
Delhivery has agreed to acquire the India operations of Dubai-based Aramex, strengthening its e-commerce logistics footprint. Deal terms undisclosed and not yet closed. Delhivery operates 30 fulfillment centres and eyes unicorn valuation via a new funding round.
Why this matters
The Aramex India deal follows Delhivery's push to scale e-commerce logistics ahead of a planned $450M raise, and comes as the company navigates a tepid IPO that drew just 4% early subscription.
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