Shiprocket to acquire majority stake in Pickrr for $200 mn: Joint statement

E-commerce logistics SaaS company Shiprocket has inked a deal to acquire a majority stake in its competitor e-commerce platform Pickrr for about USD 200 million (about Rs 1,560 crore) in a mix of cash and equity transaction, the firms said in a joint statement.

Shiprocket and Pickrr cater to India’s burgeoning D2C (direct-to-customer) sector, where enterprises book order online and deliver it directly to customers.

“We are excited to have Pickrr as part of the Shiprocket family, combining the two largest platforms enabling direct commerce. Together, we will define the future of e-commerce enablement in India,” Saahil Goel, co-founder and CEO of Shiprocket said in the statement.