Tiger and Carlyle Global backed ecommerce logistics startup Delhivery has now acquired the Indian business of the Dubai based logistics firm Aramex, in driving the collaboration in the ecommerce logistics space.
The Gurgaon based ecommerce logistics company will now take over its local operations with effect from the 1st of March 2019. The size of the deal as of now has not been ascertained.
In an email to customers, Aramex India country manager Hector Crasto said: “Aramex is entering into a strategic relationship with Delhivery, who shall take over the domestic business of Aramex India. Accordingly, effective March 1, 2019, Aramex India will be discontinuing its domestic operations.”
Delhivery which is one of the most funded logistics startups in the country counts the Tiger Global, Fosun International, and Carlyle as its investors. It operates in more than 40 fulfilments centers in 12 cities and has more than 21000 people.
Ecommerce industry executives said the deal is the first sign of consolidation in the ecommerce logistics space. “Delhivery is positioning itself as a one-stop shop for end-to-end operational solutions in ecommerce. Competitors like Blue Dart and Ecom Express, amongst others, are going to face a tough challenge,” said Kaushal Goyal, and COO of online craft brand ExclusiveLane.
Aramex, a Dubai based logistics service company founded in the year 1982, acquired the hyperlocal delivery services platform Grab in India.
Picture credits: Delhivery