Delhivery to acquire Aramex's India unit, expanding e-commerce logistics reach
Gurugram-based Delhivery is buying the India operations of Dubai courier giant Aramex, bolstering last-mile delivery capacity across a $1.35 billion e-commerce logistics market. Deal value undisclosed and not yet closed. Delhivery, valued at $700-800 million, handles ~19 lakh shipments/day.
What happened
Delhivery is acquiring Aramex's India operations, strengthening its position in India's e-commerce logistics market. Deal value undisclosed and not yet closed.
Key facts
- $257.6 million raised
- $700-800 million valuation
- $130 million round May 2017
- Rs 1,023.05 crore operating income FY2018
- Rs 692.21 crore net loss
- $1.35 billion e-commerce logistics market 2018
- 19 lakh shipments/day
- 36% growth expected over 5 years
Why this matters
This tuck-in of a foreign courier's local unit signals accelerating domestic consolidation, so expect rival players to hunt for their own bolt-on acquisitions to defend share.
What to watch
- Deal value disclosure and formal close confirmation
- CCI / regulatory approval status
- Shipment volume trajectory beyond current ~19 lakh/day
- Client churn from Aramex's existing base post-announcement
- Rival funding rounds or counter-consolidation moves
- Delhivery announces integration roadmap and retention plan for Aramex India enterprise clients
- Competitors (Ecom Express, Xpressbees, Shadowfax) respond with pricing or capacity moves
- Delhivery leverages Aramex cross-border ties to push international B2B/e-commerce parcel offerings
- Client contracts renegotiated to lock in migrated Aramex volumes