Delhivery acquires Aramex's India operations, nears unicorn status
Gurugram-based logistics startup Delhivery buys Dubai courier giant Aramex's India unit, strengthening its e-commerce delivery footprint. Deal terms undisclosed. Delhivery, handling 19 lakh shipments/day, plans a $450M raise valuing it over $1 billion amid a $1.35B Indian e-com logistics market.
What happened
Logistics startup Delhivery acquires Aramex's India operations, strengthening its position in India's e-commerce logistics market. Deal terms undisclosed;
Key facts
- $257.6 million raised
- $700-800 million valuation
- $130 million round May 2017
- $450 million planned round
- Rs 1,023.05 crore FY2018 operating income
- Rs 692.21 crore net loss
- Aramex FY2018 revenue $1.38 billion
- India e-com logistics market $1.35 billion
- 19 lakh shipments/day
- 36% growth over 5 years
Why this matters
This acquisition tightens Delhivery's grip on Indian e-commerce fulfillment and sets a competitive benchmark, so map remaining independent courier assets before valuations climb further.
What to watch
- Confirmation of $450M raise and post-money valuation
- Shipment/day volume trajectory beyond 19 lakh
- Competitor M&A or fundraising announcements
- Marketplace in-sourcing signals from Flipkart/Amazon
- Aramex India retention of key contracts and staff
- Announce funding round close and lead investors
- Integrate Aramex international express/cross-border into Delhivery product suite
- Expand fulfillment and sortation infrastructure with fresh capital
- Renegotiate marketplace SLAs and diversify D2C/SME client base