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 $930 million following the funding round.

Zomato had co-led the investing round of Shiprocket alongside Temasek and Lightrock India.