Logistics startup Shiprocket picks up rival Pickrr in a $200 Mn deal
Image Credit: Inc42
Moving towards a major market consolidation within the logistics industry, 3PL startup Shiprocket has picked an 80% stake in rival Pickrr for a $200 Mn deal. In the coming months, Shiprocket is looking to completely acquire Pickrr, giving an exit to the startup’s investors and absorbing the Pickrr team. Pickrr founders are likely to get an undisclosed stake in Shiprocket.