Friday, 24 March, 2023

Shiprocket acquires Omuni from Arvind Ltd for Rs 200 Cr in cash and stock

<p>The logistics aggregator Shiprocket, which is financed by Temasek and Zomato, announced that it has paid Rs 200 crore in cash and stock to buy Arvind Ltd.&#39;s omni-channel technology startup Omuni. The transaction will make it possible for shipments to be delivered from the closest warehouse or store to customers more quickly. Shiprocket is making another effort to expand its direct-to-consumer (D2C) shipping business and sign up offline brands for their delivery needs.</p>