Delhivery to acquire Aramex India, deepening e-commerce logistics footprint
Gurugram-based Delhivery has agreed to buy the India operations of Dubai's Aramex, adding scale in a market shipping 19 lakh packages a day. Terms undisclosed and deal not yet closed, but the move sharpens Delhivery's edge against Rivigo, Ecom Express and Xpressbees in a $1.35 billion e-commerce logistics arena.
What happened
Delhivery has agreed to acquire the India operations of Dubai-based Aramex, strengthening its e-commerce logistics footprint. Terms undisclosed; deal not yet
Key facts
- $257.6 million raised
- Rs 1,023.05 crore operating income FY2018
- Rs 692.21 crore net loss
- 30 fulfillment centres
- 19 lakh shipments/day market
- $1.35 billion e-commerce logistics market
Why this matters
The Aramex India buyout signals accelerating consolidation in e-commerce logistics, raising the strategic urgency for rivals to pursue their own scale-building M&A before targets thin out.
What to watch
- CCI/regulatory approval status and timeline
- Aramex India client retention rates post-announcement
- Delhivery quarterly volume and cost-per-shipment trends
- Counter-consolidation moves among Rivigo/Ecom/Xpressbees
- Deal closing confirmation and final terms
- Delhivery discloses deal value and funding mix (cash vs equity) to reassure investors
- Competitors (Xpressbees, Ecom Express) accelerate own M&A or price cuts to defend share
- Delhivery signals cross-border/international ambitions leveraging Aramex's global brand ties
- Rationalization of duplicate hubs and headcount post-close