Delhivery acquires Aramex's India unit to expand e-commerce logistics footprint
Gurugram-based Delhivery, nearing unicorn status, has bought the India operations of Dubai's Aramex for undisclosed terms. The deal deepens Delhivery's e-commerce retail delivery reach amid stiff competition from Rivigo, Ecom Express and Xpressbees in a $1.35B market growing 36%.
What happened
Delhivery, a Gurugram-based logistics startup nearing unicorn status, has acquired the India operations of Dubai's Aramex. Deal terms undisclosed. The
Key facts
- $257.6M raised
- $700-800M last valuation
- $130M May 2017 round
- $450M planned raise
- Rs 1,023.05 crore FY18 income
- Rs 692.21 crore net loss
- $1.38B Aramex FY18 revenue
- $1.35B India e-comm logistics market
- 36% growth expected
Why this matters
Aramex's India exit signals consolidation in e-commerce logistics, flagging remaining subscale players as potential acquisition targets and validating M&A as the fastest path to last-mile scale in this fragmented market.
What to watch
- Deal value disclosure or funding round announcement
- Client attrition or retention at Aramex India post-close
- Competitor countermoves (Rivigo/Xpressbees M&A or capital raise)
- Delhivery unicorn valuation milestone confirmation
- Cross-border shipment volume trends
- Rationalize overlapping fulfillment centers and last-mile routes to capture cost synergies
- Rebrand or fold Aramex India volumes into Delhivery's tech and tracking stack
- Pursue additional fundraising to sustain price competition against Xpressbees/Ecom Express
- Sign anchor e-commerce clients to lock in the acquired capacity