Shiprocket to acquire a majority stake in Pickrr for $200m.

Shiprocket, a developer of an e-commerce shipping and enablement platform, agreed to acquire a majority stake in Pickrr, a developer of an on-demand logistics platform, for $200m. "Together, we will define the future of e-commerce enablement in India, creating the most comprehensive enablement software stack that every retailer can use to drive success in their digital journeys. We have a once-in-a-lifetime opportunity to define how retailers interact with logistics operators and consumers to create consumer delight. Shiprocket and Pickrr are uniquely positioned to capture this opportunity by laying the building blocks of this software infrastructure," Saahil Goel, Shiprocket Co-Founder and CEO.