Delhivery acquires Aramex India ops, bolstering e-commerce logistics ahead of $450M raise
Gurugram-based Delhivery has agreed to buy the India operations of Dubai courier giant Aramex, deepening its e-commerce logistics footprint. The deal, not yet closed, comes as Delhivery nears unicorn status and preps a planned $450M funding round in a market valued at $1.35B in 2018 and growing ~36%.
What happened
Delhivery has acquired the India operations of Dubai-based courier Aramex (deal not yet closed), strengthening its e-commerce logistics footprint as it
Key facts
- $257.6M raised
- $700-800M last valuation
- $130M May 2017 round
- $450M planned round
- FY18 income Rs 1,023.05 cr
- FY18 net loss Rs 692.21 cr
- India e-comm logistics market $1.35B in 2018
- 36% projected growth
Why this matters
The pending Aramex India buyout shows Delhivery using M&A to buy footprint ahead of its funding round, a consolidation move worth tracking for downstream partnership, acquisition, or competitive-response opportunities in Indian e-comm logistics.
What to watch
- Deal close confirmation vs. regulatory/CCI clearance timing
- Named lead investor and final valuation in the $450M round
- Client churn from Aramex's B2B/express book
- Competitor M&A or pricing responses
- Quarterly shipment volume and take-rate trends
- Delhivery closes Aramex India deal and files/announces $450M round terms
- Retention plans for Aramex India enterprise and cross-border clients
- Network integration and rebranding of Aramex last-mile hubs
- Signal expansion into cross-border/international parcel as a new revenue line