M&A
Shiprocket acquires B2B logistics platform Rocketbox
Tech-enabled logistics and fulfillment platform Shiprocket has acquired fellow New Delhi-based Rocketbox, a B2B logistics aggregator platform. The Rocketbox founders will join the Shiprocket leadership team and continue to build the cargo product as part of this deal (which happened in November 2021). Rocketbox aims to improve the service quality through dedicated customer support, transparent SLAs (service level agreements), and ease out booking of bulk shipments. It began as an intra-city, on-demand truck provider and aggregated with more than 5,000 drivers on its platform. Shiprocket is backed by Zomato, Tribe Impact Capital, March Capital, PayPal Ventures, Info Edge Ventures, Lightrock and Bertelsmann India Investments.
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