- The two platforms will combine their strengths to take the complexity out of fulfillment challenges faced by traders, retailers, brands
- Working as a single entity, Shiprocket and Glaucus will build solutions that improve speed, accuracy, reliability and efficiency in the post purchase process
Continuing its acquisition spree, Shiprocket, India’s leading tech-enabled logistics and fulfillment platform, has acquired a majority stake in Glaucus Supply Chain Solutions Pvt. Ltd., a leading supply chain management company and further the two companies have agreed to merge in due course. The transaction will allow Shiprocket to accelerate development of solutions that will improve speed, accuracy and efficiency in the post purchase process across trade channels.
Speaking on the latest development, Saahil Goel, Co-Founder, and CEO of Shiprocket said, “In an environment where it is becoming increasingly important for every brand to delight their customers with both products and services, it is essential to build innovative, resilient solutions to unlock the next phase of growth for the industry at large. There is a very clear need to remove the fulfillment complexity across B2B and B2C channels for our clients and help them focus on what they do best – make and sell products. We are thrilled to announce our acquisition of Glaucus Supply Chain Solutions Pvt. Ltd. With our technology prowess, capital availability, and ability to focus on solving problems for our current and future clients, we aspire to become the country’s largest provider of fulfillment services. We welcome the Glaucus team onboard and look forward to working with them.”
Glaucus provides enterprise-grade fulfillment services to mid-market brands supported by a mature combination of processes, geographic spread, quality reporting, and proprietary technology. Founded in 2015 by Vivek Kalra, Nitin Dhingra, Mandeep Kanwal, and Jayant Mahto, Glaucus’ key service offerings include B2B distribution, sales return management, D2C marketplace fulfillment, and managed transportation. Headquartered in Delhi, the company has an established presence in Gurgaon, Mumbai, Bangalore, Hyderabad, Ludhiana, Faridabad, and Sonipat.
Shiprocket, on the other hand, provides its services across 29,000+ pin codes and has multiple solutions, including Shiprocket fulfillment, Shiprocket Packaging, Shiprocket Engage, Shiprocket Secure, etc. The platform is backed by marquee investors such as Zomato, Tribe Capital, March Capital, PayPal Ventures, and Infoedge Ventures.
Shiprocket is India’s largest eCommerce shipping and enablement platform for SMBs. The technology powers shipping and fulfillment for SMEs, D2C retailers, and social commerce sellers in India. With 17+ courier partners on board, the brand enables pan-India as well as international shipping deliveries. Its shipping solutions are available across 29,000+ pin codes within India and 220 countries across the world.
Launched in 2017, Shiprocket is on a mission to create a seamless logistics data platform that connects retailers, carriers, and consumers across national and international locations. In addition to offering Shipping Services, Shiprocket also provides a technology stack to help retailers integrate their shopping websites on Shopify, Magento, Woocommerce, Zoho, and others for workflow, inventory, and order management.
Aside from being a shipping solutions provider, Shiprocket also serves as a Cash on Delivery payment gateway. With a multi-carrier API that allows sellers to manage orders, print shipping labels, and avail tracking information from multiple providers, Shiprocket also offers state-of-the-art fulfillment solutions. The brand also provides a robust post-purchase experience to consumers, resulting in higher engagement and lower RTO (failed deliveries). The company recently ventured into the fin-tech space with their lending product ‘Early COD’.
Today, Shiprocket is the force behind the country’s 2.5 lakh plus sellers who generate a GMV of more than $1.5B annually on the platform. The brand delivers packets to more than 66M consumers annually and is growing 3X year on year.