Zomato-Backed Shiprocket Acquires Arvind’s Omuni For INR 200 Cr

Zomato-Backed Shiprocket Acquires Arvind’s Omuni For INR 200 Cr

SUMMARY

The transaction deal will be a combination of stock and cash

Omuni is an omnichannel retail platform that helps global brands run over 5,000 stores

This marks Shiprocket’s fifth acquisition after it had acquired Pickrr for a $200 Mn deal

Zomato-backed logistics and fulfillment startup shiprocket has completed the acquisition of Arvind’s omnichannel technology business – Omuni. The deal will be a combination of stock and cash for a consideration of INR 200 Cr. 

As per the BSE filings submitted by Arvind, the acquisition will help both the companies to facilitate quick, efficient deliveries of shipments from the nearest store of warehouse, thus reducing delivery timelines and enhancing customer satisfaction.

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