zomato: Zomato offers to acquire Shiprocket for $2 billion: report

Listed food delivery platform Zomato has made an offer to acquire privately held ecommerce shipping startup Shiprocket, Bloomberg reported, citing people in the know.

Zomato has proposed to acquire the company for about $2 billion, the report said, adding that no final decision has been made.

A spokesperson for Zomato declined to comment on “market speculation”.

The Deepinder Goyal-led company is an existing investor in Shiprocket. ET had reported in December 2021 that Shiprocket closed $185 million (Rs 1,380 crore) in a Series E funding round co-led by Zomato, Singapore’s sovereign wealth fund Temasek and Lightrock India. Goyal had also invested in Shiprocket previously in his personal capacity, but he later exited the company.

Shiprocket aggregates demand from direct-to-consumer (D2C) brands, micro-entrepreneurs and local brands and sends them to logistics players like Delhivery, Ecom Express and others.

Besides shipping services, Shiprocket also offers its technology stack to retailers to integrate their shopping websites on platforms like Shopify. Saahil Goel, Gautam Kapoor, Akshay Ghulati, and Vishesh Khurana are cofounders of the firm.

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