Shiprocket said that it will accelerate its mission to democratise e-commerce fulfillment for the fast-growing universe of D2C retailers by utilising the latest fundraise.
Shiprocket raises $27 million in new funding round
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Last Updated: Feb 18, 2021, 08:08 AM IST
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Shiprocket, an e-commerce logistics platform, says it will use the funding for development of its product roadmap, including hiring talent, and global expansion.
ETtech
Bengaluru: New Delhi-based logistics aggregator Shiprocket has raised $27 million in a mix of primary and secondary capital as part of its new funding round led by US-based venture capitalists Tribe Capital and March Capital. DST Global’s Rahul Mehta and Bertelsmann India Investments were the other participants in the funding round.
The round gives an exit to some early investors in the company with returns ranging between six-seven times, the company said. The fundraising also brings the total capital raised by the eight-year-old company to $53 million.