Delhivery acquires Aramex India unit to bolster e-commerce logistics footprint
Gurugram-based Delhivery is buying the India operations of Dubai's Aramex to deepen its last-mile delivery capacity in a market projected to grow 36%. Deal terms remain undisclosed. Delhivery, valued at $700-800 million and backed by Tiger Global and Carlyle, posted Rs 692.21 crore in FY18 net losses.
What happened
Delhivery is acquiring Aramex's India operations to strengthen its e-commerce logistics position, though deal terms remain undisclosed. The move consolidates
Key facts
- $1.35 billion e-commerce logistics market 2018
- 19 lakh shipments/day
- 36% projected growth
- Rs 1,023.05 crore operating income FY18
- Rs 692.21 crore net loss
- $257.6 million raised
- $700-800 million valuation
Why this matters
The acquisition signals accelerating roll-up dynamics in India's $1.35B e-commerce logistics space, so map remaining independent last-mile players before valuations climb with further consolidation.
What to watch
- Deal terms/valuation disclosure
- Next funding round size and investor mix (Tiger, Carlyle follow-on)
- Quarterly loss trajectory and shipment volume post-integration
- Competitor M&A announcements in logistics space
- Amazon/Flipkart in-house delivery expansion signals
- Delhivery integrates Aramex's cross-border/international parcel desk into its offering
- Push to raise fresh capital or advance IPO timeline leveraging enhanced scale narrative
- Rationalize overlapping hubs and workforce to extract cost synergies
- Sign new e-commerce enterprise clients citing wider coverage