Shiprocket acquires Arvind Ltd’s Omuni for Rs 200 crore in cash and stock

Temasek and Zomato-backed logistics aggregator Shiprocket said it has acquired Omuni, the omni-channel technology business of apparel manufacturer and retailer Arvind Ltd, in a Rs 200 crore cash-and-stock deal.

The transaction will enable faster deliveries of shipments to consumers from the nearest store or warehouse, Shiprocket said in a statement on Tuesday. Arvind Ltd is expected to get more than a 2% stake in Shiprocket as part of the deal, a person aware of the matter said.