Delhivery acquires Aramex India unit to expand e-commerce logistics footprint
Gurugram-based Delhivery has bought the India operations of Dubai's Aramex, strengthening capacity in a $1.35 billion e-commerce logistics market projected to grow 36%. The Tiger Global- and Carlyle-backed startup, which raised $257.6 million, moves ~19 lakh shipments a day. Deal terms undisclosed.
What happened
Delhivery acquired the India operations of Dubai-based Aramex, strengthening its e-commerce logistics footprint. Terms undisclosed. The deal expands capacity in
Key facts
- $257.6 million raised
- Rs 1,023.05 crore FY18 operating income
- Rs 692.21 crore net loss
- $1.35 billion e-commerce logistics market
- 36% projected growth
- 19 lakh shipments/day
Why this matters
Delhivery's buyout of Aramex's India unit removes a foreign competitor and adds cross-border capabilities, setting a template for further roll-up acquisitions to defend share as the logistics market consolidates.
What to watch
- Delhivery quarterly shipment volume and unit-economics disclosures
- Client churn from acquired Aramex India accounts
- Deal value leak or regulatory/CCI clearance notes
- Peak-season (festive) delivery capacity utilization metrics
- New cross-border logistics product launches or partnerships
- Delhivery to disclose integration timeline and retention of Aramex India clients/staff
- Rationalize overlapping hubs and sorting infrastructure to extract synergies
- Cross-sell cross-border services to existing Delhivery D2C and marketplace customers
- Signal margin/EBITDA guidance impact in next quarterly earnings
- Competitors likely to pursue defensive tuck-in acquisitions