Zomato makes ₹16,600 crore offer to acquire shipping startup Shiprocket: Report

Deepinder Goyal-led Zomato has made an offer to e-
commerce shipping company Shiprocket for its acquisition,
reported Bloomberg. Zomato has reportedly offered to
acquire Shiprocket for $2 billion ( crore
approximately).

While no final decision has been made in the acquisition deal,
Zomato is expected to push for the deal to be a success, said
Bloomberg citing sources. However, the spokespeople from
Zomato refrained from commenting on the development.

Currently, Zomato is an investor in shipping startup
Shiprocket. The food delivery company co-led a funding
round for Shiprocket in December 2021, where the shipping
company ended up raising $185 million. The funding was also
led by Singapore's sovereign wealth fund Temasek and
Lightrock India.
Zomato founder Deepinder Goyal was also one of the initial
investors in Shiprocket, but ended up exiting the company in
his personal capacity. It is not yet revealed if and when the
deal will be finalised as both firms refrained from
commenting on the acquisition.

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