Delhivery to acquire Aramex's India unit, expanding e-commerce delivery footprint
Gurugram-based Delhivery is buying the India operations of Dubai courier giant Aramex, deepening its position in India's $1.35B e-commerce logistics market growing at 36%. The deal, not yet closed, comes ahead of a potential unicorn-valuation funding round for the startup, last valued at $700-800M.
Delhivery is acquiring Aramex's India operations (deal not yet closed), strengthening its e-commerce logistics footprint in India's fast-growing retail delivery market ahead of a potential unicorn-valuation funding round.