Delhivery to acquire Aramex India, expanding e-commerce logistics footprint
Gurugram-based Delhivery has agreed to buy the India operations of Dubai's Aramex, deepening its last-mile and fulfillment network. Deal terms undisclosed and not yet closed. Delhivery runs 30 fulfillment and 19 sorting centres, has raised $257.6M, and eyes a unicorn valuation via a fresh funding round.
What happened
Delhivery has agreed to acquire the India operations of Dubai-based Aramex, strengthening its e-commerce logistics footprint. Deal terms undisclosed and not yet
Key facts
- 30 fulfillment centres
- 2,500 delivery partners
- 19 sorting centres
- $257.6M raised
- $700-800M last valuation
- Rs 1,023.05 crore FY18 income
- Rs 692.21 crore net loss
- $1.35B e-commerce logistics market
- 36% growth forecast
Why this matters
Acquiring Aramex's India operations signals aggressive inorganic growth ahead of a fresh funding round, but buyers should watch for further roll-up targets in a fragmenting logistics sector.
What to watch
- Deal terms and CCI/regulatory clearance announcements
- Fresh funding round close and valuation mark
- Client retention/churn signals from Aramex India accounts
- Competitor response from Ecom Express, XpressBees, and Amazon/Flipkart in-house logistics
- Delhivery discloses deal value and closing timeline to anchor investor confidence
- Rationalize overlapping fulfillment and sorting centres to capture cost synergies
- Retain Aramex's cross-border/enterprise contracts and integrate international shipping lanes
- Accelerate fresh funding round leveraging expanded footprint for unicorn valuation