Tiger and Carlyle Global endorsed the start of e-commerce logistics Delhivery has now acquired the Indian business of Dubai-based logistics firm Aramex, to boost collaboration in the e-commerce logistics space.
The e-commerce logistics company based in Gurgaon will now assume its local operations with effect from March 1, 2019. The size of the agreement as of now has not been determined.
In an email to clients, Aramex’s manager in India, Hector Crasto, said: “Aramex is entering into a strategic relationship with Delhivery, which will take over Aramex’s national business in India. 2019, Aramex India will discontinue its domestic operations. ”
Delhivery, which is one of the new logistics companies with the most financing in the country, has Tiger Global, Fosun International and Carlyle as its investors. It operates in more than 40 compliance centers in 12 cities and has more than 21,000 people.
Executives in the e-commerce industry said the agreement is the first sign of consolidation in the e-commerce logistics space. “Delhivery is positioning itself as a single window for end-to-end e-commerce operational solutions. Competitors such as Blue Dart and Ecom Express, among others, will face a difficult challenge, “said Kaushal Goyal, director of operations of the online handicraft brand ExclusiveLane.
Aramex, a logistics services company based in Dubai, founded in 1982, acquired the hyperlocal delivery platform Grab in India.
