Doc for OPR521

The news detail are as follows :

 Indian logistics fulfillment startup Shiprocket has acquired truck

aggregator platform Rocket Box to provide online retailers with cargo
shipping solutions.

 This is the second acquisition by Shiprocket in 10 days, just last week it

acquired marketing automation startup Wigzo Technologies.

 However the amount for the same deal has not been disclosed yet.

 The Rocketbox founders will join the Shiprocket leadership team, and
continue to build the cargo product as part of this deal.

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Now describing what actually these two startups are so they are the expert
cargo partners with the most efficient technologies with low shipping
costs to provide a hassle free end to end experience for the customers.
Also, Rocketbox was launched in 2015 by a clutch of entrepreneurs
including Hasan Kumar A, Pooja Bhatt, Raghav Singhania, Ramana
Venkat and Vinod Kumar Reddy Gandra.
And Shiprocket was founded in 2017 by Saahil Goel, Gautam Kapoor
and Vishesh Khurana. Shiprocket claims that it delivers to 66 Mn
consumers annually across the globe.

SLIDE CHANGE
Coming to the core points of analysis so, the product has come to give
best experience to the customers through dedicated customer support ,
transparent service legal agreements d the easy booking of bulk
shipments across the country.
With the quick and seamless deliveries all round the globe, the company
has ensured that all the chains of supply chains are optimally used.
Shiprocket has major investors like zomato, tribe impact capital, arch
capial, paypal ventures etc. 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. Despite COVID-19 creating supply-
chain bottlenecks, startups have risen up to the occasion and proven
themselves. This was reflected in the investments that poured into the
logistics sector and it looks like that will be the trend for the foreseeable
future.

SLIDE CHANGE

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