Delhivery acquires Aramex's India unit to bolster e-commerce logistics footprint
Gurugram-based Delhivery buys the India operations of Dubai's Aramex, deepening its lead in India's $1.35 billion e-commerce logistics market. Deal terms undisclosed and not yet formally closed. Delhivery, having raised $257.6 million, eyes a fresh round targeting unicorn status despite a Rs 692.21 crore net loss in FY2018.
What happened
Delhivery acquires Aramex's India operations, strengthening its position in India's e-commerce logistics market. Deal terms undisclosed and not yet formally
Key facts
- $257.6 million raised
- $700-800 million last valuation
- $130 million round
- Rs 1,023.05 crore operating income FY2018
- Rs 692.21 crore net loss
- $1.35 billion e-commerce logistics market 2018
- 19 lakh shipments/day
- 36% growth expected
Why this matters
Buying a global player's India unit signals consolidation of the $1.35 billion e-commerce logistics market, raising the strategic urgency for rivals to secure scale or partnerships before Delhivery locks in its lead.
What to watch
- Deal close confirmation and disclosed valuation
- New funding round size and investor names
- FY2019 loss trajectory versus FY2018 Rs 692.21 crore
- Competitor M&A or price responses (Ecom Express, Xpressbees)
- Captive logistics build-out by Amazon/Flipkart
- Cross-border shipment volume growth post-integration
- Formally close Aramex India deal and disclose terms
- Announce fresh funding round targeting unicorn valuation
- Integrate cross-border and international shipping capabilities from Aramex
- Rationalize overlapping fulfillment and last-mile networks
- Sign expanded e-commerce enterprise contracts to justify valuation