Zomato has acquired approximately 7.89% of shareholding in Bigfoot Retail Solutions Private Limited (Shiprocket) for $75 million (approx. ₹557 Crores) as part of a larger funding round of $185 million.
Zomato shall be acquiring the stake through both primary subscription as well as secondary purchase of shares from existing shareholders of Shiprocket.
Saraf and Partners acted for Zomato on all aspects of the transaction. The transaction team was led by Partners, Vaibhav Kakkar and Sahil Arora, who were supported by Associates, Keshav Pareek, Prabal De and Vishal V.
Bombay Law Chambers acted on behalf of Shiprocket.
Shiprocket is a B2B logistics-tech company which provides logistics aggregation services through a technology platform that helps retailers and businesses to choose logistics delivery partners for supply of goods.