Subscribe to Our Newsletter

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn't arrive within 3 minutes, check your spam folder.

Ok, Thanks

Indian shipping firm Shiprocket acquires Pickrr in a $200 million deal

Shiprocket, an India-based shipping and fulfilment firm has acquired Pickrr, an e-commerce software-as-a-service (SaaS) platform for D2C brands and SME e-tailers, in a deal of $200 million. * The deal comes in cash, stock and earn-out with Avendus Capital acting as the financial advisor to Shiprocket. * Shiprocket offers automated shipping services

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Indian shipping firm Shiprocket acquires Pickrr in a $200 million deal
Photo by Mildlee / Unsplash

Shiprocket, an India-based shipping and fulfilment firm has acquired Pickrr, an e-commerce software-as-a-service (SaaS) platform for D2C brands and SME e-tailers, in a deal of $200 million.

  • The deal comes in cash, stock and earn-out with Avendus Capital acting as the financial advisor to Shiprocket.
  • Shiprocket offers automated shipping services using a single platform to manage orders and courier processes.
  • Pickrr is a tech stack for managing delivery across cities in India.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi

Subscribe to Techloy.com

Get the latest information about companies, products, careers, and funding in the technology industry across emerging markets globally.

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks

Read More