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

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.