Delhivery acquires Aramex India unit, extending e-commerce logistics lead
Tiger Global-backed Delhivery buys the India operations of Dubai courier giant Aramex, deepening its e-commerce delivery footprint. Deal terms undisclosed. The move comes as Delhivery, handling ~19 lakh shipments/day across 30 fulfillment and 19 sorting centres, eyes a $450M round at a $1B+ valuation.
What happened
Delhivery acquires India operations of Dubai's Aramex, strengthening its e-commerce logistics footprint. Deal terms undisclosed; both firms confirmed the
Key facts
- Aramex FY2018 revenue $1.38B
- Delhivery raised $257.6M across 6 rounds
- last valuation $700-800M
- planned $450M round, >$1B valuation
- FY2018 operating income Rs 1,023.05 cr up 38%
- net loss Rs 692.21 cr
- e-commerce logistics market $1.35B in 2018
- 19 lakh shipments/day
- ~36% growth over 5 years
- 30 fulfillment centres
- 19 sorting centres
Why this matters
Undisclosed terms and a foreign courier's India exit signal consolidation is accelerating, so rival logistics players should reassess tuck-in targets before Delhivery locks up the field.
What to watch
- Disclosure of deal size and any earn-out terms
- Confirmation and valuation of the $450M round
- Daily shipment volume trend post-integration (from ~19 lakh)
- Retention of Aramex enterprise/cross-border contracts
- Rival logistics fundraising or M&A announcements
- New fulfillment/sorting center additions signaling capacity build-out
- Delhivery rebrands/integrates Aramex India express and cross-border lanes into its network
- Formal launch or upsizing of the $450M growth round with new/existing investors
- Competitors announce counter-acquisitions or fresh capital to preserve share
- Delhivery pushes into international shipping using Aramex's Gulf/global relationships