Indian Logistics Firm Shiprocket Acquires Rocketbox

Indian logistics fulfillment startup Shiprocket has acquired truck aggregator platform RocketBox to provide online retailers with cargo shipping solutions.

As CNBC reports, this is Shiprocket’s second acquisition in the past week, following their announcement that they would purchase a majority stake in Wigzo Tech, a platform that analyzes consumer behavior.

Shiprocket is fresh off a $185 million in Series E funding round led by Zomato, the Indian food delivery app.

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The company says it wants to use these acquisitions to help online retailers offer a more complete experience to their customers.

“Given the rapidly changing consumer expectations and their preference for quick, seamless deliveries, it’s imperative to ensure all legs of the supply chain are optimized,” said Shiprocket Co-founder and CEO Saahil Goel.

The company, founded in New Delhi in 2017, helps small businesses, direct-to-consumer merchants and social commerce sellers fulfill their online orders. Shiprocket says it delivers packets to more than 66 million consumers a year.

Launched in 2015, Mumbai-based Rocketbox began life providing on-demand intra-city trucking with more than 5,000 drivers.

But following a round of Series A funding led by Delhiviery, the company launched an application suite that featured tools such as fleet management, vendor payment and client billing.

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Rocketbox’s founders are expected to join Shiprocket and continuing building their cargo product, an AI-powered system provides analysis to help customers identify the right courier for their requirements and budget.

“Rocketbox has a cutting-edge platform which extends Shiprocket’s capabilities to B2B use-cases as well as bulk movement using cargo carriers,” Goel said. “The platform brings along a host of features which will help retailers save time, cost, and effort, allowing a smooth end-to-end logistics experience.”