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.

Headquartered in Bengaluru, Omuni is an omnichannel retail platform that claims to help global brands run over 5,000 stores. Founded in 2014, Omuni offers discovery, selling, and assisting platforms to its clients such as Omuni.suite, Omuni.space, Omuni.xyz, Omuni.mobi,  and Omuni.one.  

Omuni claims to have done over 11 Bn of GMV orders, helped more than 100 brands, and has empowered more than 10K stores in the country. 

It has worked with brands such as Mufti, Vero Moda, Arrow, GAP, among others in the country. Delhivery, Ekart, Shadowfax, Blowhorn are among some of the major logistics partners Omuni works with. 

With these acquisitions, Shiprocket has till now acquired five startups including Pickrr, Wigzo, Glaucus, and Rocketbox. Reportedly, the startup is also in talks to acquire the Indian business of Shyplite. 

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

 

Shiprocket, which had raised $185 Mn from Zomato and Temasek among others at the end of the last year, has also been on an investment spree. The startup has this year invested in firms such as Woovly, Eat better, BoldCare, EvenFlow, and Logibricks, among others. 

Founded in 2017 by Saahil Goel, Vishesh Khurana, Gautam Kapoor, and Akshay Gulati, Shiprocket claims to be helping 2.5 Lakh sellers with their logistics demands. The startup states that it packages to more than 70 Mn consumers annually.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Zomato-Backed Shiprocket Acquires Arvind’s Omuni For INR 200 Cr-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Zomato-Backed Shiprocket Acquires Arvind’s Omuni For INR 200 Cr-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Zomato-Backed Shiprocket Acquires Arvind’s Omuni For INR 200 Cr-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Zomato-Backed Shiprocket Acquires Arvind’s Omuni For INR 200 Cr-Inc42 Media
Zomato-Backed Shiprocket Acquires Arvind’s Omuni For INR 200 Cr-Inc42 Media
You’re in Good company