Indian logistic service provider startup Delhivery acquired the Indian business of Dubai based, mail delivery and logistics service provider, Aramex. As per the deal the Delhivery will take over the Indian operations of Aramex from march 1.
The deal is final but the exact number related to the deal is not out yet. 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”.
Aramex will continue its focus on express and freight in India but as per the deal Delhivery willl look after the pick up/delivery operations of the shipments will be under the Indian startup-Delhivery.
The deal is first of its kind in the Indian logistics market and is the first sign of its consolidation in the future.“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.
Indian Logistics space is witnessing growing competition with arrival of companies like Delhivery, Ecom Express and Blue Dart among others.