Delhivery acquires Aramex India unit, tightening grip on e-commerce logistics
Gurugram-based Delhivery has bought the India operations of Dubai's Aramex for undisclosed terms, expanding its footprint in a $1.35 billion e-commerce logistics market growing 36% annually. The deal comes as Delhivery approaches unicorn status above $1 billion valuation.
What happened
Delhivery has acquired the India operations of Dubai-based Aramex, strengthening its e-commerce logistics position. Terms undisclosed. The deal targets India's
Key facts
- $257.6 million raised
- $700-800 million valuation
- $130 million round May 2017
- $450 million planned raise
- Rs 1,023.05 crore FY2018 operating income
- Rs 692.21 crore net loss
- $1.38 billion Aramex revenue
- $1.35 billion India e-commerce logistics market
- 36% growth expected
Why this matters
Delhivery is consolidating fragmented India e-comm logistics through targeted buyouts, signaling more roll-up opportunities among sub-scale players and foreign units exiting the market.
What to watch
- Delhivery valuation confirmation above $1B
- Competitor M&A or funding announcements (Ecom Express, XpressBees)
- Amazon/Flipkart in-housing logistics further
- Deal terms disclosure and integration timeline
- Cross-border volume metrics post-close
- Delhivery integrates Aramex India cross-border express lanes to add international parcel revenue
- Push toward unicorn valuation via follow-on fundraise or pre-IPO round
- Rationalize overlapping hubs and rebrand Aramex domestic operations
- Sign anchor e-commerce clients to lock in volume post-acquisition