Zomato Proposes to Acquire Shiprocket For USD 2 Billion, Says Report
Zomato, under the leadership of Deepinder Goyal, has expressed interest in acquiring the e-commerce shipping startup Shiprocket.
Zomato, under the leadership of Deepinder Goyal, has expressed interest in acquiring the e-commerce shipping startup Shiprocket. According to Bloomberg News, Zomato has put forth a proposal to acquire Shiprocket, a company that also enjoys backing from Info Edge, Temasek, and Lightrock. The potential deal is valued at approximately usd 2 billion, although no definitive agreement has been reached at this point. Notably, Zomato is already an existing investor in Shiprocket, and this move could further strengthen their position in the logistics and delivery space. Zomato Launches 'Maternity Insurance Plan' For Female Delivery Partners Providing Them Assurance and Financial Security.
Zomato Offers to Acquire Shiprocket
🆕JUST IN: Zomato - Shiprocket
Bloomberg reports that
Zomato Said to Make Takeover Offer for Closely Held Shiprocket
•Shiprocket was last valued at about %1.2 billion
Zomato Ltd., the publicly traded food delivery company, has made an offer to acquire closely held Indian…
— Chandra R. Srikanth (@chandrarsrikant) December 21, 2023
(The above story first appeared on LatestLY on Dec 21, 2023 07:07 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
