Shipping and fulfilment platform Shiprocket has inked a deal to acquire a majority stake in Pickrr, an e-commerce SaaS platform for D2C brands and SME e-tailers. The deal value is estimated at $200 million, comprising cash, stock and earn-out.
Avendus Capital acted as the financial advisor to Shiprocket on this transaction.
Both platforms operate in the same sector. This consolidation enables the combined entity to reach over 75,000 merchants.
This is the second acquisition for Shiprocket in 2022. In January, it had acquired Rocketbox, a B2B logistics aggregator platform for an undisclosed amount.
In December, Shiprocket raised $185 million in a Series E round co-led by Zomato, Temasek and Lightrock India. The company was estimated to be valued at $930 million during the round.