Shiprocket, India’s leading tech-enabled logistics and fulfillment platform, has acquired Rocketbox, a B2B logistics aggregator platform, for an undisclosed sum.
The Rocketbox founders will join the Shiprocket leadership team and continue to build the cargo product as part of this deal. Launched in June 2015, the platform 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.
Commenting on the devlopment, Shiprocket Co-Founder and CEO Saahil Goel said: “Rocketbox has a cutting-edge platform which extends Shiprocket’s capabilities to B2B use-cases as well as bulk movement using cargo carriers. The platform brings along a host of features which will help retailers save time, cost, and effort, allowing a smooth end-to-end logistics experience.”
“We are excited to be partnering with Shiprocket to continue to build our product and service offering at Rocketbox. When we met Saahil and Gautam we immediately realized that it was the right fit for us as a team as we both have similar objectives of making the fulfillment experience of SMEs seamless with an inherent objective of disrupting the status quo. I look forward to working with the Shiprocket team to take Rocketbox to new heights and continue on this journey together”, said Raghav Singhania, Co-founder and CEO Rocketbox.
While Shiprocket is backed by Zomato, Tribe Impact Capital, March Capital, PayPal Ventures, Info Edge Ventures, Lightrock and Bertelsmann India Investments.
“I look forward to working with the Shiprocket team to take Rocketbox to new heights and continue on this journey together”, said Raghav Singhania, Co-founder and CEO Rocketbox.