Shiprocket Acquires B2B Logistics Aggregator Rocketbox
Shiprocket, a tech-enabled logistics aggregator backed by Zomato, has acquired Rocketbox, a B2B logistics aggregator platform, for an undisclosed amount. The deal will help Shiprocket enhance its infrastructure and expand its product stack for D2C customers and SMEs.
Additionally, as part of the deal, the founders of Rocketbox will join the Shiprocket leadership team and continue to build the cargo product.
According to an official statement,
“Rocketbox, which is now Rocketbox by Shiprocket, and Shiprocket complement each other to address the pain points and technical complexities that merchants/brands face while reducing the costs of LTL (Less-than-Truckload) cargo shipping.”
The statement added that Shiprocket and Rocketbox bring a robust combination of technology, efficiency, expert cargo partners, and lower shipping costs to provide a hassle-free end-to-end experience for customers till the last mile.
Shiprocket Acquires Rocketbox
Launched in 2015, Rocketbox is a delivery and logistics aggregator that is working with a vision to make e-commerce shipping and cargo shipping effortlessly easy for our customers.
Speaking on the development, Raghav Singhania, co-founder and CEO of Rocketbox, said,
“When we met Saahil and Gautam, we immediately realised that it was the right fit for us as a team, as we both have similar objectives of making the fulfilment experience of SMEs seamless with an inherent objective of disrupting the status quo. I look forward to working with the Shiprocket team to take Rocketbox to new heights and continue on this journey together.”
Providing services across over 29,000 pin codes, Shiprocket is backed by marquee investors such as Zomato, Tribe Impact Capital, Info Edge Ventures, March Capital, PayPal Ventures, Lightrock and Bertelsmann India Investments.
Recently, the Zomato-backed startup had committed to acquiring a 75% stake in Delhi-based Wigzo Tech for a valuation of around $20-25 million.
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