Zomato-backed e-commerce shipping platform Shiprocket is on a shopping spree. It has agreed to acquire a majority stake in e-commerce SaaS platform Pickrr in a $200-million deal comprising cash, stock and earn-out, per a company announcement.
Earlier this year, Shiprocket had acquired majority stakes in Glaucus Supply Chain Solutions, B2B logistics aggregator platform Rocketbox and customer data platform Wigzo Tech. Financial details of these acquisitions were not disclosed by the company.
