Zomato offers to acquire Shiprocket for $2 billion: report

Food and grocery delivery platform Zomato has made an offer to acquire ecommerce shipping startup Shiprocket, Bloomberg reported, citing people in the know. Zomato’s offer values Shiprocket at $2 billion, the report said.

In 2021, Zomato had picked a stake in Shiprocket during its $185-million Series E funding that also saw participation from Singapore’s sovereign wealth fund Temasek and Lightrock India.