Delhivery acquires Aramex's India unit, deepening e-commerce logistics footprint
Gurugram-based Delhivery is buying Aramex India as it nears unicorn status. Having raised $257.6M and eyeing a $450M round, the deal strengthens its position in a $1.35B e-commerce logistics market projected to grow 36%. Terms undisclosed; deal reportedly nearing closure.
What happened
Delhivery has acquired Aramex's India operations, strengthening its e-commerce logistics footprint amid India's growing online retail delivery market. Terms
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
- $1.35 billion e-commerce logistics market 2018
- 36% projected growth
Why this matters
This acquisition signals accelerating consolidation in India's e-commerce logistics space, so track undisclosed deal terms and the closing timeline as benchmarks for competing M&A targets.
What to watch
- Deal terms and valuation disclosure
- $450M funding round confirmation and lead investor
- Post-integration service metrics / delivery SLAs
- Rival funding or M&A announcements
- Client churn or contract expansions among top e-commerce accounts
- Delhivery closes $450M round leveraging expanded scale
- Rebranding and network integration of Aramex India assets
- Push into cross-border and international parcel volumes
- Renegotiation of enterprise e-commerce contracts (Amazon, Flipkart)
- Competitors announce defensive funding or acquisitions