The Rocketbox (now Rocketbox by Shiprocket) founders will be a part of the Shiprocket management crew and proceed to construct the cargo product as a part of this deal, the corporate stated in an announcement.
“Rocketbox has a cutting-edge platform which extends Shiprocket’s capabilities to B2B use-cases as well as bulk movement using cargo carriers. The platform brings along a host of features which will help retailers save time, cost, and effort, allowing a smooth end-to-end logistics experience,” stated Saahil Goel, Co-Founder and CEO of Shiprocket.
Rocketbox by Shiprocket product goals to enhance the service high quality by way of devoted buyer help, clear SLAs (service stage agreements), and ease out reserving of bulk shipments.
Launched in June 2015, Rocketbox started as an intra-metropolis, on-demand truck supplier and aggregated with greater than 5,000 drivers on its platform.
“I look forward to working with the Shiprocket team to take Rocketbox to new heights and continue on this journey together”, stated Raghav Singhania, Co-founder and CEO Rocketbox.
Launched in 2017, Shiprocket is backed by Zomato, Tribe Impact Capital, March Capital, PayPal Ventures, Info Edge Ventures, Lightrock and Bertelsmann India Investments.
Zomato led the $185 million (Rs 1,380 crore) Series E funding spherical within the platform, together with Temasek and Lightrock India, in December.