Shiprocket acquires supply chain management platform Glaucus Supply Chain Solutions
Working as a single entity, the two platforms will combine their strengths to take the complexity out of fulfillment challenges faced by traders, retailers, brands
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 the 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."
Meanwhile, 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, which is a leading e-commerce shipping and enablement platform for SMBson the other hand provides its services across 29,000+ pin codes and has multiple solutions.
These include Shiprocket fulfillment, Shiprocket Packaging, Shiprocket Engage, and Shiprocket Secure, etc. The platform is backed by marquee investors such as Zomato, Tribe Capital, March Capital, PayPal Ventures, and Infoedge Ventures.
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