Shiprocket Acquires Rocketbox, a B2B Logistics Platform
Shiprocket, a logistic software company has acquired Rocketbox, a B2B logistics aggregator platform committed to providing a seamless cargo shipping experience. The Rocketbox founders will join the Shiprocket leadership team and continue to build the cargo product as part of this deal.
Rocketbox, which is now Rocketbox by Shiprocket, and Shiprocket complement each other to address the pain points and technical complexities that merchants/brands face while reducing the costs of LTL (Less-than-Truckload) cargo shipping. This product aims to improve the service quality through dedicated customer support, transparent SLAs, and ease out booking of bulk shipments. Additionally, Rocketbox’s AI-enabled systems offer comparative analysis to customers, allowing them to identify the right courier partner based on their requirements and budget. Together, Shiprocket and Rocketbox bring a robust combination of technology, efficiency, expert cargo partners, and lower shipping costs to provide a hassle-free end-to-end experience for customers till the last mile.
Speaking on the acquisition, Saahil Goel, Co-Founder, CEO, Shiprocket, said, “Shiprocket is on a mission to provide a frictionless shipping experience for brands and online retailers, and over the years, we have evolved and grown immensely. Given the rapidly changing consumer expectations and their preference for quick, seamless deliveries, it’s imperative to ensure all legs of the supply chain are optimized. 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. . We look forward to great synergies with the Rocketbox team to augment our existing offerings and build new solutions together.”
Launched in June 2015, Rocketbox began as an intra-city on-demand truck provider and aggregated with 5,000+ drivers on its platform. Post a Series A funding round from Delhivery and expansion of operations, Rocketbox launched its application suite catering to vendor payment, client billing, fleet management, client dashboard, driver app, etc. By 2020, the platform was catering to 28,000+ pin codes PAN India, working with seven carriers, and offering 11 different services.
Raghav Singhania, Co-Founder, CEO, Rocketbox, said, “We are excited to be partnering with Shiprocket to continue to build our product and service offering at Rocketbox. When we met Saahil and Gautam we immediately realized that it was the right fit for us as a team as we both have similar objectives of making the fulfillment experience of SMEs seamless with an inherent objective of disrupting the status quo. I look forward to working with the Shiprocket team to take Rocketbox to new heights and continue on this journey together.”