Zomato acquires 7.9% stake in logistics aggregator Shiprocket
Indian food delivery company Zomato Limited has closed its previously announced acquisition of a 7.89% stake in Bigfoot Retail Solutions Private Limited (Shiprocket) for a price of $75 million. The investment by Zomato is part of Shiprocket’s $185 million funding round. Shiprocket, which is a Delhi-based logistics aggregator, took its valuation reportedly to more than […]