Delhivery acquires Aramex's India unit, tightening grip on e-commerce logistics
Gurugram-based Delhivery buys the India operations of Dubai courier giant Aramex, deepening its lead in India's $1.35B e-commerce logistics market. Deal terms undisclosed as the startup eyes a fresh round pushing toward unicorn status, despite a Rs 692 crore FY18 net loss.
What happened
Delhivery has acquired Aramex's India operations, strengthening its position in India's e-commerce logistics market. Terms undisclosed; deal reportedly nearing
Key facts
- $257.6M raised
- $700-800M valuation
- Rs 1,023.05 crore FY18 income
- Rs 692.21 crore net loss
- $1.35B e-commerce logistics market 2018
- 36% projected growth
Why this matters
Undisclosed deal terms and the fragmented state of India's $1.35B e-commerce logistics market suggest further roll-up targets are available for players willing to trade near-term margins for share.
What to watch
- Confirmed round size and post-money valuation
- FY19 loss trajectory vs FY18 Rs 692 crore
- Market-share data in $1.35B e-commerce logistics segment
- Rival M&A or capital raises
- Client retention of Aramex India accounts post-acquisition
- Delhivery formalizes leadership and network integration of Aramex India assets
- Announces or closes a fresh funding round targeting unicorn valuation
- Signs cross-border/international parcel partnerships leveraging Aramex relationships
- Competitors seek defensive funding or acquisitions