Delhivery to acquire Aramex's India unit, expanding e-commerce delivery footprint
Gurugram-based Delhivery is buying the India operations of Dubai courier giant Aramex, deepening its position in India's $1.35B e-commerce logistics market growing at 36%. The deal, not yet closed, comes ahead of a potential unicorn-valuation funding round for the startup, last valued at $700-800M.
What happened
Delhivery is acquiring Aramex's India operations (deal not yet closed), strengthening its e-commerce logistics footprint in India's fast-growing retail delivery
Key facts
- $257.6M raised
- $700-800M last valuation
- $130M round May 2017
- Rs 1,023.05 crore FY18 income
- Rs 692.21 crore net loss
- $1.35B e-commerce logistics market 2018
- 36% projected growth
Why this matters
Delhivery's acquisition of Aramex's India unit exemplifies inbound consolidation of foreign courier assets into domestic players, flagging a fragmenting-to-consolidating logistics market with more targets likely in play.
What to watch
- Deal close confirmation and disclosed acquisition price
- Funding round size and post-money valuation
- Quarterly shipment volume and margin trajectory post-integration
- Client churn signals from Aramex's enterprise accounts
- CCI or regulatory clearance status
- Delhivery announces integration roadmap and retention plan for Aramex India clients
- Formal announcement of unicorn-valuation funding round or pre-IPO positioning
- Rivals (Ecom Express, Shadowfax, Blue Dart) respond with own consolidation or pricing moves
- Cross-border/international courier expansion leveraging Aramex's global network ties