Shiprocket acquires supply chain management platform Glaucus

NEW DELHI: Continuing its acquisition spree, Shiprocket, a tech-enabled logistics and fulfillment platform, has acquired a majority stake in Glaucus Supply Chain Solutions. 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 development, Saahil Goel, Co-Founder, and CEO of Shiprocket, in a statmemet, 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 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.”

Glaucus provides 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, provides its services across 29,000 pin codes and has multiple solutions, including its fulfillment, Shiprocket packaging, engage, secure etc. The platform is backed by investors such as Zomato, Tribe Capital, March Capital, PayPal Ventures, and Infoedge Ventures.

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