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Announced

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

Financials

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Transaction Value£163m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Single Bidder

Acquisition

E-commerce

Majority

logistics platform

Domestic

e-commerce

Friendly

Pending

India

Private

Synopsis

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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.

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