Delhivery acquires Aramex India as it nears unicorn status
Delhivery has bought Aramex's India operations to bolster its lead in the $1.35 billion e-commerce logistics market, absorbing 30 fulfillment centres and 2,500 delivery partners. Deal terms undisclosed; the startup is reportedly raising a $450 million round at over $1 billion valuation.
What happened
Delhivery has acquired Aramex's India operations, strengthening its position in India's e-commerce logistics market as it nears unicorn status. Deal terms
Key facts
- $1.38 billion Aramex FY2018 revenue
- 30 fulfillment centres
- 2,500 delivery partners
- 19 automated sorting centres
- $257.6 million raised
- $700-800 million valuation
- $130 million round May 2017
- $450 million new round
- Rs 1,023.05 crore operating income
- 38% rise
- Rs 692.21 crore net loss
- $1.35 billion e-commerce logistics market 2018
- 19 lakh shipments/day
- 36% growth
Why this matters
This consolidation move raises the stakes for competing logistics players who must now weigh bolt-on acquisitions of their own or risk being outscaled as Delhivery locks up fulfillment infrastructure and delivery networks.
What to watch
- Confirmation of funding round size and valuation
- Delivery partner attrition or service SLA metrics post-integration
- Competitive responses from Ecom Express, Xpressbees, and in-house logistics arms
- Anchor client contract renewals or diversification announcements
- Regulatory/CCI scrutiny of market concentration
- Close the $450M round and announce unicorn valuation to lock in momentum
- Rationalize overlapping Aramex fulfillment footprint and retain key delivery partners
- Cross-sell Aramex's cross-border/express capabilities into Delhivery's domestic base
- Signal further tuck-in acquisitions of regional 3PLs to pre-empt rivals