Delhivery acquires Aramex India unit to deepen e-commerce logistics foothold
Gurugram-based Delhivery is buying the India operations of Dubai courier giant Aramex, expanding scale in a $1.35B e-commerce logistics market growing ~36%. Deal terms undisclosed and closure pending. Delhivery has raised $257.6M and was last valued at $700-800M, despite a Rs 692.21 crore net loss on Rs 1,023.05 crore FY18 operating income.
What happened
Delhivery acquires India operations of Dubai-based Aramex, strengthening its foothold in India's e-commerce logistics market, though deal terms remain
Key facts
- $257.6M raised
- $700-800M last valuation
- Rs 1,023.05 crore FY18 operating income
- Rs 692.21 crore net loss
- India e-commerce logistics market $1.35B in 2018
- 19 lakh shipments/day
- ~36% projected growth
What to watch
- Deal closure confirmation and disclosed terms
- Delhivery FY19/FY20 loss trajectory and shipment volume updates
- Client retention from acquired Aramex India base
- Competitor funding or M&A announcements
- E-commerce platforms shifting to in-house logistics
- Delhivery migrates Aramex India clients and cross-border SME parcel flows onto its platform
- Push toward profitability narrative ahead of next funding round or IPO
- Rivals pursue capacity expansion or counter-acquisitions to defend share
- Renegotiate enterprise contracts leveraging expanded footprint