Shiprocket buys majority stake in Glaucus

Shiprocket

Zomato-backed e-commerce shipping and enablement platform Shiprocket, on Monday said it has acquired a majority stake in Glaucus Supply Chain Solutions, for an undisclosed amount.

The company said that the pact will drive it ramp up solutions’ development to boost speed, accuracy and efficiency in the post-purchase process across trade channels.

The Delhi-headquartered Glaucus, launched in 2015 by Vivek Kalra, Nitin Dhingra, Mandeep Kanwal and Jayant Mahto, claims to offer business to business (B2B) distribution, sales return management, direct to consumer (D2C) marketplace fulfilment and managed transportation.

"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 fulfilment complexity across B2B and B2C channels for our clients and help them focus on what they do best - make and sell products,” said Saahil Goel, Co-Founder and CEO of Shiprocket.

Shiprocket has been on an acquisition spree. On January 7, Shiprocket acquired a 75% stake in customer data platform (CDP) Wigzo Tech for an undisclosed amount.

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Shiprocket buys majority stake in Glaucus

Tags : Shiprocket

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