Delhivery acquires Aramex India unit, tightening grip on e-commerce logistics ahead of unicorn status
Gurugram-based Delhivery has bought the India operations of Dubai's Aramex, expanding its footprint in a $1.35 billion e-commerce logistics market projected to grow 36%. The startup, valued at $700-800 million after raising $257.6 million, sharpens its edge against Ecom Express, Xpressbees and Shadowfax. Deal terms undisclosed; parties gave conflicting closure statements.
What happened
Delhivery has acquired the India operations of Dubai-based Aramex, strengthening its foothold in India's e-commerce logistics market as it nears unicorn status.
Key facts
- $257.6 million raised
- $700-800 million valuation
- $130 million round May 2017
- Rs 1,023.05 crore FY2018 income
- Rs 692.21 crore net loss
- India e-commerce logistics market $1.35 billion 2018
- 36% projected growth
Why this matters
The undisclosed acquisition signals appetite for bolt-on consolidation, though conflicting closure statements from both parties warrant confirmation of deal completion before drawing firm conclusions.
What to watch
- Official confirmation of deal value and completion
- Client retention rates from acquired Aramex India book
- New funding round announcement and valuation mark
- Quarterly shipment volume and margin trends
- Competitor M&A or capital raises in Indian e-com logistics
- Delhivery formalizes deal terms and clarifies closure timeline to settle conflicting statements
- Onboarding of Aramex India's cross-border/enterprise accounts into Delhivery network
- Follow-on fundraise or pre-IPO round targeting >$1B valuation
- Rationalization of overlapping hubs and workforce to unlock synergies
- Rivals (Ecom Express, Xpressbees, Shadowfax) pursue tie-ups or price responses