Delhivery acquires Aramex India unit to bolster e-commerce logistics lead
Gurugram-based Delhivery has bought the India operations of Dubai courier giant Aramex, deepening its grip on India's $1.35B e-commerce logistics market. Deal terms undisclosed. The move sharpens competition with Ecom Express, Xpressbees and Shadowfax as the segment grows a projected 36%.
What happened
Delhivery, the Gurugram-based e-commerce logistics startup, has acquired the India operations of Dubai's Aramex. Deal terms undisclosed. The move strengthens
Key facts
- $257.6M raised
- $700-800M valuation
- $130M round May 2017
- Rs 1,023.05 crore operating income FY18
- Rs 692.21 crore net loss FY18
- $1.35B India e-commerce logistics market 2018
- 36% projected growth
Why this matters
This bolt-on of a distressed multinational's local unit is a template for cheap share gains in India's fragmenting logistics space, warranting review of remaining independent scaled targets before rivals move.
What to watch
- Delhivery quarterly shipment volume and margin trend post-integration
- Competitor funding announcements or M&A responses within 2 quarters
- CCI/regulatory review of market concentration
- Enterprise client churn or retention from legacy Aramex contracts
- E-commerce parcel volume growth vs 36% projection
- Delhivery integrates Aramex India network nodes and cross-sells enterprise courier contracts
- Rivals (Ecom Express, Xpressbees) seek capital or pricing responses to defend share
- Aramex redeploys India exit proceeds toward core MENA operations
- Delhivery pursues capacity expansion into tier-2/3 cities to capture 36% growth