Shiprocket and Snowflake AI Data Cloud to empower 1.5 lakh merchants of BHARAT to scale their data infrastructure

▴ Shiprocket
The collaboration enables Shiprocket’s merchants with faster access to data and empowers businesses to make data-driven decisions quickly

Shiprocket plans to explore advanced applications like Generative AI (Gen AI) and large language models (LLMs) in the future

New Delhi, July 10, 2024- Snowflake, the AI Data Cloud company, announced that Shiprocket, a leading eCommerce enablement platform, has successfully deployed on Snowflake’s AI Data Cloud. This empowers Shiprocket to streamline data operations, gain real-time insights, and deliver an enhanced customer experience for its vast network of merchants. Shiprocket’s 1.5 lakh merchants now have faster access to data to allow businesses to make data-driven decisions quickly, gaining a competitive edge. Additionally, the cloud-based nature of the AI Data Cloud allows merchants to scale their data infrastructure effortlessly.

 

Leveraging Snowflake’s AI Data Cloud has significantly reduced data processing time from days to minutes. This newfound agility has allowed Shiprocket to optimize operations, improve decision-making, and ultimately deliver a seamless eCommerce experience for their seller base. Shiprocket plans to explore advanced applications within the AI Data Cloud like Generative AI (Gen AI) and large language models (LLMs) in the future. They’re also exploring the development of chatbots that allow sellers to interact with their data using natural language, further enhancing accessibility and user experience.

 

Saahil Goel, MD & CEO of Shiprocket, said, “This collaboration with Snowflake is a transformative milestone for our 1.5 lakhs-strong seller community, collectively driving an annualized GMV of over $3 billion. By integrating Snowflake's AI Data Cloud, we have gained access to real-time data insights that are crucial for our sellers’ eCommerce operations. This strategic collaboration empowers our sellers to scale their data infrastructure seamlessly as their businesses grow. The enhanced data processing capabilities and real-time insights provided by Snowflake will enable our sellers to optimize their operations more efficiently, make data-driven decisions with greater accuracy, and ultimately deliver a seamless and exceptional eCommerce experience to their customers. This collaboration underscores our commitment to leveraging advanced technology to provide our merchants with the best tools to thrive in the competitive eCommerce landscape."

 

“As Shiprocket expands its operations, Snowflake’s AI Data Cloud provides a scalable, cost-effective, secure platform to support their diverse data needs to drive business value. We are proud to be part of Shiprocket’s growth journey, empowering their businesses with real-time data insights to spur innovation and customer delight,” said Vijayant Rai, MD India- Snowflake.

This collaboration signifies a shared vision between Shiprocket and Snowflake – leveraging the power of data to revolutionize the e-commerce landscape. With this collaboration, Shiprocket is well-positioned to explore the future potential of AI-powered solutions. 

 

About Snowflake

Snowflake makes enterprise AI easy, efficient and trusted. Thousands of companies around the globe, including hundreds of the world’s largest, use Snowflake’s AI Data Cloud to share data, build applications, and power their business with AI. The era of enterprise AI is here. Learn more at snowflake.com (NYSE: SNOW).

 

 About Shiprocket

 

Shiprocket is India’s largest eCommerce enablement platform on a mission to empower the businesses of Bharat to scale their ventures by unleashing the true power of eCommerce. The platform helps the sellers at every step of their eCommerce journey, creating an operating system for direct commerce. Their stack of tech integrations enables shipping, fulfilment, customer communication and marketing tools as well as providers for SMEs, D2C retailers, and social commerce retailers in India.

 

Launched in 2017, Shiprocket is on a mission to create a seamless logistics data platform that connects retailers, carriers, and consumers across national and international locations. Shiprocket provides a technology stack to help retailers integrate their shopping websites on Shopify, Magento, WooCommerce, Zoho, and others with the platform’s multi-carrier API to manage orders, prints, and shipping labels. It also avails tracking information from multiple providers including managing Cash on Delivery (COD) orders and payment reconciliation. Shiprocket also offers state-of-the-art warehouses located across India. The technology stack provides a robust post-purchase experience to consumers resulting in higher engagement and lower RTO (failed deliveries). With 200+ partners, Shiprocket helps to offer a seamless post-checkout experience. Shiprocket provides shipping solutions across 24,000+ serviceable pin codes within India, covering 19000+ unique locations, and 220+ countries and territories across the world.

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