Shiprocket acquires majority stake in Glaucus Supply Chain Solutions

Zomato-backed e-commerce shipping platform Shiprocket on Monday announced its third buyout this year with the acquisition of a majority stake in Glaucus Supply Chain Solutions. Following the acquisition, the two platforms will combine their strengths to take the complexity out of fulfilment challenges faced by traders, retailers and brands, Shiprocket said. Shiprocket had earlier in January announced acquiring a 75 per cent stake in customer data platform Wigzo Tech and also the acquisition of business-to-business logistics aggregator platform Rocketbox. Besides, on February 5, it said the company had invested USD 1.5 million in software-as-a-service (SaaS)-based logistics start-up Logibrick. Continuing its acquisition spree, Shiprocket has acquired a majority stake in supply chain management company, Glaucus Supply Chain Solutions Pvt Ltd, and further the two companies have agreed to merge in due course, it said in a statement. The transaction will allow Shiprocket to accelerate

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