Delhivery acquires Aramex India operations to deepen e-commerce logistics footprint
Gurugram-based Delhivery has agreed to buy Aramex's India unit, expanding its reach in a $1.35B e-commerce logistics market growing 36%. Deal terms are undisclosed and closure remains pending per Aramex's country manager. Delhivery, which has raised $257.6M, handles 19 lakh shipments/day across 30 fulfillment centres.
What happened
Delhivery has acquired Aramex's India operations, strengthening its foothold in India's e-commerce logistics market, though deal terms remain undisclosed and
Key facts
- $257.6M raised
- Rs 1,023.05 crore FY18 operating income
- Rs 692.21 crore net loss
- $1.35B e-commerce logistics market 2018
- 19 lakh shipments/day
- 36% growth forecast
- 30 fulfillment centres
Why this matters
This bolt-on signals consolidation in Indian last-mile logistics, so track valuation multiples and remaining independent players like Shadowfax as competitive pressure drives further M&A.
What to watch
- Deal closure confirmation and disclosed terms
- Quarterly shipment volume and margin trends post-close
- Client retention/churn signals from Aramex accounts
- Competitor M&A or funding rounds (Ecom Express, Xpressbees, Shadowfax)
- Regulatory/CCI review of the transaction
- Delhivery announces integration roadmap and retention plan for Aramex enterprise clients
- Cross-selling of cross-border/international shipping capability picked up from Aramex
- Competitors respond with pricing cuts or counter-acquisitions
- Delhivery updates volume and fulfillment-centre expansion guidance