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E-commerce

Indian shipping firm Shiprocket acquires Pickrr in a $200 million deal

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated
Indian shipping firm Shiprocket acquires Pickrr in a $200 million deal
Photo by Mildlee / Unsplash

Shiprocket, an India-based shipping and fulfilment firm has acquired Pickrr, an e-commerce software-as-a-service (SaaS) platform for D2C brands and SME e-tailers, in a deal of $200 million.

  • The deal comes in cash, stock and earn-out with Avendus Capital acting as the financial advisor to Shiprocket.
  • Shiprocket offers automated shipping services using a single platform to manage orders and courier processes.
  • Pickrr is a tech stack for managing delivery across cities in India.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated

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