Crasto wrote that Aramex in India will focus on its global competencies of express and freight and will continue the international business in the country.
KOLKATA|MUMBAI: Carlyle and Tiger Global-backed Delhivery has acquired the Indian business of Dubai-based Aramex, driving consolidation in the segment. The Gurgaon-based ecommerce logistics company will take over local operations effective March 1.
The size of the deal could not be ascertained. In an email to customers, Aramex India country manager Hector Crasto said, “Aramex is entering a strategic relationship with Delhivery, who shall take over the domestic business of Aramex India. Accordingly, effective March 1, Aramex India will be discontinuing domestic operations.”
Crasto wrote that Aramex in India will focus on its global competencies of express and freight and will continue the international business in the country. “However, as part of our strategic arrangement the pick-up/delivery of the shipment in India shall be done by Delhivery,” the email said.
Aramex didn’t respond to queries. Delhivery declined to comment.
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, cofounder and COO of online craft brand ExclusiveLane.
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