Logistics technology platform Shiprocket has acquired Arvind Internet Limited’s omnichannel technology business – Omuni. The deal consists of cash and stock for a consideration of Rs 200 crore. This is the fifth acquisition by the Zomato-backed firm in 2022.
SaaS platform Arvind Internet enables omnichannel services such as click-and-collect, 2-hour delivery from store, return-to-store et al to brands. According to its website, its solutions power 30 leading brands besides offering training and CRM features which help brands in embracing omnichannel marketing.
The acquisition of Arvind Internet will strengthen Shiprocket’s logistic capabilities. The deal would facilitate quick, efficient deliveries of shipments from the nearest store or warehouse which will reduce delivery timelines and enhance customer experience, Arvind Internet said in a National Stock Exchange (NSE) filing.
Shiprocket, which raised $185 million Series E funding in December, has since acquired four companies including B2B logistic aggregator platform Rocketbox and marketing automation platform Wizgo. The Delhi-based company also acquired supply chain and logistics firms Glaucus and Pickrr in February and June respectively.
According to Shiprocket, Omuni’s SAAS products will unify inventory, order, catalog, content, pricing and data across physical and digital storefronts.
Shiprocket provides technology solutions to help retailers integrate their shopping websites across enablers such as Shopify, Magenta and others. According to the company, 250K sellers use its product and services and it delivers 70 million shipments to consumers on a yearly basis.
While Shiprocket has yet to file its financial statements for FY22, according to Fintrackr, the company’s scale soared 2.2X to Rs 358 crore in FY21 and posted a profit of Rs 12 crore. On the other hand, Arvind Internet ended FY22 with Rs 25 crore topline and a Rs 29 crore loss.
