Delhivery to acquire Aramex's India operations, consolidating e-commerce logistics
Gurugram-based Delhivery is buying the India unit of Dubai courier giant Aramex to strengthen its position in India's $1.35 billion e-commerce logistics market. Deal terms remain undisclosed and are still being finalized. Delhivery, which has raised $257.6 million across six rounds, handles 19 lakh shipments a day.
What happened
Delhivery acquires India operations of Dubai's Aramex to strengthen its e-commerce logistics position, though deal terms are undisclosed and still being
Key facts
- Aramex FY2018 revenue $1.38 billion
- Delhivery raised $257.6 million across six rounds
- last round $130 million valuing $700-800 million
- planned raise $450 million
- FY2018 operating income Rs 1,023.05 crore
- net loss Rs 692.21 crore
- India e-commerce logistics market $1.35 billion in 2018
- 19 lakh shipments/day
- ~36% growth expected
Why this matters
Undisclosed, still-being-finalized terms signal an opportunistic tuck-in; benchmark the valuation against Delhivery's $257.6M raised and Aramex India's shipment volume before assuming synergy value.
What to watch
- Disclosure of final deal terms and valuation
- Confirmation and sizing of the $450M raise
- CCI/regulatory clearance signals
- Daily shipment volume trend post-close
- Enterprise client retention or defection announcements
- Rival M&A or funding responses in logistics
- Delhivery accelerates $450M capital raise to fund acquisition and integration
- Rationalize overlapping hubs and last-mile routes to extract density synergies
- Retain Aramex cross-border/import-export capability as a differentiator vs pure domestic players
- Lock in Aramex enterprise contracts with SLA guarantees to prevent churn
- Competitors (Blue Dart, Ecom Express, XpressBees) court destabilized Aramex clients