Shiprocket buys stake in ecommerce platform Pickrr for $200 mn

Logistics technology platform Shiprocket has acquired majority stake in Pickrr, an ecommerce software-as-a-service (SaaS) platform for $200 million.
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The cash, stock and earn-out deal will create a single gateway for other enablers and suppliers to service the digital retailer community and strengthen Shiprocket’s position as the leading D2C enablement operating system, the company said in a statement.

The two platforms process 10 million shipments per month with a substantial customer base of more than 75,000 merchants, including direct-to-consumer (D2C) brands, SME e-tailers, and social commerce sellers.

The combined platform will be a boost for the ecosystem comprising shipping partners, warehouse providers, shopping carts, marketplaces, ERP systems, payment players, identity and credit information providers.

Shiprocket is backed by investors such as Temasek, Bertelsmann India Investments, PayPal, Tribe Capital, Zomato, Lightrock, March Capital, Moore Strategic Ventures, Infoedge, etc.

Pickrr is backed by investors such as Omidyar Network, Guild Capital, Amicus, IIFL and Ananta.