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Shiprocket-acquired Pickrr to hit Ebitda breakeven in 6-8 months
Financial Express Mumbai
|July 03, 2022
PICKRR, THE LOGISTICS solution company that was acquired by Shiprocket, will reach Ebitda break-even in the next six to eight months, its co-founder and chief executive Gaurav Mangla told FE.
On June 15, Shiprocket, the tech-enabled shipping and fulfilment platform, bought 80% stake in Pickrr for $200 million while Mangla said the remaining will be purchased for another $20-40 million over the next two years - pegging the total deal value anywhere between $220-240 million.
This story is from the July 03, 2022 edition of Financial Express Mumbai.
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