Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO

Logistics startup Shiprocket said on Wednesday its acquisition of Pickrr, an e-commerce SaaS platform, will enable it handle about 10 million shipments monthly—a growth of 40 percent.

Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out.

Saahil Goel, Shiprocket’s founder and chief executive told 'Business Standard', the acquisition would be complementary to his company's capabilities as Pickrr’s expertise is helping large direct commerce brands in logistics. Shiprocket had created a niche among small and medium businesses and D2C brands.

Launched in 2017, Shiprocket assists more than 70,000 online sellers in shipping