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E-commerce
The final quarter of the year ended March 2024 (FY24) was particularly eventful for logistics solutions unicorn Shiprocket. The Zomato-backed company expanded into cross-border e-commerce fulfilment, launched its revenue financing arm, and saw its co-founder, Vishesh Khurana, being announced as head of Tribe Capital’s India operations.
These developments were a sudden flurry of activity after a fiscal year that was largely one of consolidation for Shiprocket, having acquired six e-commerce enablement companies in the year prior. These acquisitions included retail software solutions provider Omuni, intra-city trucking aggregator RocketBox, and logistics management solutions provider Pickrr, among others.
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