Other Private Equity/Strategic Investments
Zomato to acquire 8% stake in logistics tech co. Shiprocket for $75-M
Publicly listed food delivery services firm Zomato Ltd is to invest around USD 75 million in fellow New Delhi-based Bigfoot Retail Solutions Pvt Ltd, which runs logistics services aggregator Shiprocket, for an around 8% stake. The deal is part of a larger USD 185 million round that Shiprocket is raising. Shiprocket is a B2B logistics-tech company that provides shipping and fulfillment services to direct-to-consumer (D2C) brands and omni-channel sellers. It currently serves over 60,000 brands and merchants across categories such as apparel, electronics, beauty and personal care, grocery, among others.
From the Venture Intelligence PE-VC Deal Database: Between Jul-2013 and Jul-2021, Shiprocket had raised over US$ 90-M from PayPal, Tribe Capital, March Capital, Info Edge, InnoVen Capital, Bertelsmann India Investments, Nirvana Ventures, Recruit Strategic Partners, 5Ideas and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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