Delhivery acquires Aramex India operations to expand e-commerce logistics footprint
Gurugram-based Delhivery has agreed to buy the India unit of Dubai courier giant Aramex, deepening its position in a $1.35 billion e-commerce logistics market growing ~36%. Terms undisclosed; deal not yet fully closed per company officials.
What happened
Delhivery has acquired the India operations of Dubai-based courier Aramex, strengthening its e-commerce logistics footprint. Terms undisclosed and deal not yet
Key facts
- FY2018 revenue $1.38 billion (Aramex)
- $257.6 million raised
- $700-800 million last valuation
- operating income Rs 1,023.05 crore
- net loss Rs 692.21 crore
- e-commerce logistics market $1.35 billion in 2018
- 36% growth expected
Why this matters
This bolt-on of Aramex's India unit signals Delhivery is pursuing consolidation over organic build—expect further roll-ups of sub-scale courier players in a fragmented $1.35B market.
What to watch
- Deal-close confirmation and disclosed terms/valuation
- Next-quarter net loss trajectory and EBITDA margin
- Client retention vs churn to Blue Dart/DTDC
- Competitor M&A or fundraise announcements
- Cross-border shipment volume growth post-integration
- Announce definitive close date and disclose deal consideration
- Retain Aramex enterprise/cross-border client contracts to prevent churn
- Rationalize overlapping hubs and last-mile routes for density gains
- Cross-sell integrated domestic + cross-border offering to existing shippers
- Guide market on integration timeline and path to profitability