Home GCC Kuwait Kuwait’s Agility Ventures invests in India’s e-commerce platform Shiprocket The investment was part of Agility’s strategy to expand across digital logistics and e-commerce in high-growth markets by Zainab Mansoor September 27, 2022 Kuwait’s Agility Ventures has invested in Shiprocket, India’s last-mile delivery aggregator and order management platform. The funding was used to help fund Shiprocket’s expansion in the Middle East, the company said in a statement. The investment was part of Agility’s strategy to expand its leadership in digital logistics and e-commerce in high-growth markets through in-house development, acquisitions, and investment in innovative startups, said Henadi Al-Saleh, Agility chairperson and head of Agility Ventures. Shiprocket simplifies last-mile delivery by consolidating invoices, offering affordable prices, and locating the fastest and realiable couriers, the statement said. Its fulfillment service manages the storage, picking, and packing of merchants’ goods across India. Shiprocket also offers integration with Amazon, Shopify, Magento, and other marketplaces and sellers. “The Middle East is a key market for Shiprocket and we are working towards providing the best technology solutions for e-commerce sellers, D2C brands and SMEs in the region via our Shiprocket Direct and Wigzo platforms,” added Akshay Ghulati, co-founder of Shiprocket. Agility Ventures, the venture capital (VC) arm of Kuwait’s supply chain services and infrastructure company, Agility, has invested in e-commerce innovation companies in the US, India, Egypt, and Saudi Arabia. Last month, Agility finalised its acquisition of UK-based John Menzies, with an enterprise value of £763m. Read: Kuwait-based Agility completes £763m acquisition of Menzies Aviation Agility reported KD16.1m in net profit for the second quarter of 2022, while its net profit for H1 2022 stood at KD28.8m. Read: Agility reports KD16.1m net profit for Q2 2022, revenue grows 23.4% to KD138.4m Tags Agility Ventures E-commerce India Kuwait Shiprocket 0 Comments You might also like Building a tech empire: Jumbo Electronics Ltd.’s CEO on 50 years of growth Empowering women entrepreneurs: unlocking a multi-trillion-dollar opportunity Ratan Tata, who put India’s Tata Group on the global map, passes away at 86 Abu Dhabi fund ADIA boosts global presence with GIFT City office