Zomato Said to Make Takeover Offer for Startup Shiprocket (1)

Zomato Ltd., the publicly traded food delivery company, has made an offer to acquire closely held Indian e-commerce shipping startup Shiprocket, according to people with knowledge of the matter.

Zomato’s offer values the platform at about $2 billion, said the people, who requested anonymity discussing confidential information. No final decision has been made and Zomato could opt against proceeding with a deal for the company, the people said.

A representative for Shiprocket declined to comment. New Delhi-based Zomato said in a statement reports about the company buying Shiprocket for $2 billion were “incorrect news,” adding it had no ...