Zomato in talks to amass unicorn Shiprocket: Report

BENGALURU: Meals supply platform Zomato has made a proposal to amass e-commerce delivery platform Shiprocket for $2 billion, Bloomberg reported on Thursday. Although the contours of the deal should not clear, it could be one the most important acquisitions within the Indian startup house this 12 months if the deal goes by way of. Indian startups proceed to grapple with a protracted funding winter and fewer tuck-in acquisitions.
When TOI reached out to Zomato, its spokesperson mentioned, “We do not touch upon market hypothesis.” Shiprocket mentioned they don’t have a remark to supply in response to TOI’s e mail.
Shiprocket, which counts Temasek and Lightrock as buyers, raised $33.5 million final 12 months, valuing the e-commerce platform at $1.2 billion. Zomato owns 8% in Shiprocket.

It gives a expertise stack to assist retailers combine their buying web sites on Shopify, Magento, WooCommerce, Zoho, and others with the platform’s multi-carrier API (software programming interface) to handle orders, prints, and delivery labels.
Based in 2017 by Saahil Goel, it gives monitoring info from a number of suppliers together with managing money on supply orders and cost reconciliation. Shiprocket has over 45 warehouses situated throughout India. Its delivery options can be found throughout 24,000 pincodes inside India and 220 nations & territories.
Final 12 months, Shiprocket purchased Arvind Web’s expertise enterprise – Omuni – for about $24 million in a inventory and money deal, marking its fifth acquisition. Previous to that, it acquired e-commerce SaaS agency Pickrr for $200 million.