Food delivery giant Zomato, under the leadership of Deepinder Goyal, is making strategic strides into the e-commerce shipping arena, with an offer to acquire Shiprocket, a notable logistics startup.
The proposed acquisition, valued at approximately $2 billion, is currently under discussion, and although still being determined, it represents Zomato’s keen interest in expanding its presence in the e-commerce logistics space.
Shiprocket, backed by investors including Info Edge, Temasek, and Lightrock, has witnessed substantial growth, reporting a 78 percent increase in operating revenue for the financial year ending March 31, 2023.
Zomato, which also owns quick-commerce platform Blinkit, positions itself strategically in the evolving landscape. Blinkit, formerly Grofers, turned contribution positive for the first time in Q2 FY24, contributing to Zomato’s positive adjusted Ebitda expectations in FY25, according to foreign brokerage CLSA.
The potential acquisition of Shiprocket aligns with Zomato’s broader vision to diversify its offerings and strengthen its position in the logistics and e-commerce ecosystem.
