Delhivery acquires Aramex's India unit to deepen e-commerce logistics grip
Gurugram-based Delhivery buys the India operations of Dubai courier Aramex, expanding fulfillment capacity for online retail. The deal, not yet closed, comes as Delhivery eyes unicorn status via a planned $450M raise, having already raised $257.6M across six rounds at a $700-800M valuation.
What happened
Delhivery acquires Aramex's India operations (deal not yet closed) to strengthen its e-commerce logistics position, key infrastructure for Indian online retail
Key facts
- Aramex FY2018 revenue $1.38 billion
- Delhivery raised $257.6 million across six rounds
- last valuation $700-800 million
- planned raise $450 million
- FY2018 operating income Rs 1,023.05 crore up 38%
- net loss Rs 692.21 crore
- e-commerce logistics market $1.35 billion in 2018
- 19 lakh shipments/day
- ~36% growth expected over 5 years
Why this matters
This consolidation move signals Delhivery is using M&A to lock up e-commerce logistics share, raising the bar for rivals who now face a larger, better-capitalized fulfillment player.
What to watch
- Deal closing confirmation and disclosed purchase price
- Funding round completion and post-money valuation crossing $1B
- Competitor M&A or pricing responses from Ecom Express/XpressBees
- Client retention metrics from Aramex India post-acquisition
- Signals of Delhivery IPO filing or pre-IPO structuring
- Delhivery closes the $450M raise and formalizes Aramex India acquisition terms
- Integrate Aramex cross-border and international express capability into Delhivery network
- Cross-sell fulfillment to Aramex's B2B and enterprise client base
- Rationalize overlapping hubs and rebrand acquired assets under Delhivery