Logistics Startup Shiprocket Picks Up Rival Pickrr In A $200 Mn Deal

Logistics Startup Shiprocket Picks Up Rival Pickrr In A $200 Mn Deal

SUMMARY

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.

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.