3PL startup Shiprocket acquired an 80% stake in competitor Pickrr for $200 million


Moving closer to a major market consolidation in the logistics industry, 3PL startup Shiprocket acquired an 80% stake in competitor Pickrr for $200 million.


Shiprocket has been a market leader in the logistics industry, providing 70K+ online sellers with the ability to ship their products across the country. Shiprocket plans to fully acquire Pickrr in the coming months, giving the startup's investors an exit and absorbing the Pickrr team. Pickrr's founders will most likely receive an undisclosed stake in Shiprocket.

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