Gurugram based logistics provider
for ecommerce companies, Delhivery, has acquired the India Business of Dubai
based logistics firm Aramex for an undisclosed amount. Aramex provides
logistics for major ecommerce companies such as Amazon India. In 2016, the
company had invested in online hyperlocal Delhivery service for restaurants
Grab.in, and Jaipur intra-city B2B logistics service provider, Logisure.
Delhivery will now take over Aramex
India’s pick-up and delivery shipment operations. However, Aramex will continue
to focus on its global competencies of express and freight and will continue
the international business in the country. Delhivery was founded in 2011. As of
December 2018, the company claimed to be catering its logistics service in more
than 600 cities with 12 fulfillment centres for B2C and B2B services.
The startup, which counts Carlyle
and Tiger Global as investors, works with ecommerce companies such as Flipkart
and Paytm. Speculation was rife earlier that Japan’s SoftBank
Vision Fund is reportedly looking to acquire 37.87% stake in Delhivery,
and has reportedly sought approval from the Competition Commission of India
(CCI).
Logistics
is the brain behind the supply chain industry. Over the years, startups in this
sector have come up with innovative new technologies with logistics-related
software solutions, last-mile delivery, robotics, automation solutions. Indian
logistics sector is currently valued at $160 Bn and is poised to hit $215 Bn by
2020.
No comments:
Post a Comment