Delhivery acquires Aramex India unit to bolster e-commerce logistics ahead of unicorn push
Gurugram-based Delhivery has agreed to buy the India operations of Dubai's Aramex, deepening its e-commerce delivery footprint amid a $450M fundraise. Terms undisclosed and Aramex says the deal is yet to close. Delhivery handles ~19 lakh shipments/day in a $1.35B market forecast to grow 36%.
What happened
Delhivery has acquired the India operations of Dubai-based logistics firm Aramex, strengthening its e-commerce logistics position ahead of unicorn status. Terms
Key facts
- $257.6M raised
- $700-800M valuation
- $130M round May 2017
- $450M new round
- Aramex FY2018 revenue $1.38B
- India e-comm logistics market $1.35B (2018)
- 19 lakh shipments/day
- 36% growth forecast
- Rs 1,023.05 cr operating income
- Rs 692.21 cr net loss
Why this matters
This consolidation play is a template for buying regional footprint ahead of a fundraise—watch for further tuck-in logistics targets, but note deal-close risk given Aramex's pending confirmation.
What to watch
- Definitive close confirmation and disclosed deal terms
- CCI/regulatory clearance status
- Daily shipment volume updates post-integration
- Fundraise close and named investors
- Aramex global commentary on India exit rationale
- Delhivery finalizes $450M fundraise and confirms unicorn-tier valuation
- Integration roadmap for Aramex India cross-border and B2B lanes announced
- Rivals pursue tuck-in acquisitions or partnership announcements to defend share
- E-commerce clients renegotiate rate cards given consolidation leverage