Shiprocket has picked an 80% stake in Pickrr, giving an exit to the startup’s investors and absorbing the Pickrr team
In 2022 alone, Shiprocket has acquired Glaucus Supply Chain, Wigzo, Rocketbox and Logibricks
The 3PL aggregator is also in the final stages of acquiring Shyplite’s India business
Moving towards a major market consolidation within the logistics industry, 3PL startup shiprocket has picked an 80% stake in rival Pickrr for a $200 Mn deal. In the coming months, Shiprocket is looking to completely acquire Pickrr, giving an exit to the startup’s investors and absorbing the Pickrr team. Pickrr founders are likely to get an undisclosed stake in Shiprocket.
Launched in 2017, Shiprocket has been one of the market leaders within the logistics industry, offering 70K+ online sellers to ship their products across the country.