E-commerce logistics SaaS company Shiprocket has acquired a majority stake in its competitor e-commerce platform Pickrr for about USD 200 million
The deal is done in a mix of cash and equity transaction
Shiprocket and Pickrr cater to India’s burgeoning D2C sector
The two platforms process 10 million shipments per month
Having a substantial customer base of more than 75,000 merchants, including direct-to-consumer (D2C) brands, SME e-tailers, and social commerce sellers
