logistics aggregator Shiprocket raises $27M in Series C from Tribe Capital and March Capital

Must read

Five Education Firms Offers Online Six Sigma Certification Course

Experts believe that perfection is the key to measuring success in any endeavor. However, they do not know how to measure that perfection. This...

Versatile ZServiceDesk IT GRC at Affordable Cost Launched in India

India is among the top five countries with the greatest number of cyber-attacks, according to The Indian Computer Emergency Response Team (CERT). The...

You Don’t Have to be Rich to Do Good, Says Octogenarian Billionaire G P Hinduja

In a lively virtual session of Tete-a-tea, octogenarian billionaire-industrialist and businessman of Indian origin in UK, Shri Gopichand Hinduja aka G P Hinduja,...

Airmeet Proudly Announces Certification for ISO 27001:2013 Security Standard

Airmeet, an all-in-one platform for virtual and hybrid events designed to deliver real engagement and better interactions, announced the issuance of the certificate...

Shiprocket, a tech-enabled logistics aggregator for D2C sellers, has announced on Thursday that it has raised $27 million (INR 200 Crore) in Series C3 funding round.

The round was co-led by Tribe Capital, a leading Silicon Valley-based venture capital firm, along with March Capital, a Santa Monica-based venture growth firm. Rahul Mehta of DST Global also participated in the round along with existing investor Bertelsmann India Investments.

Speaking about the new development, Saahil Goel, CEO and Co-founder, Shiprocket said,

Saahil Goel, CEO and Co-founder, Shiprocket

“Shiprocket is the first and the largest D2C shipping enabler in India today. With the growth in D2C as a share of overall eCommerce, there is a growing opportunity to enable the full-stack of services in the post-purchase journey of the D2C consumer. We are excited with the promise the coming years hold for this market and are delighted to be partnering with the smartest capital in the industry along this journey!”

“We already power shipping for over 100,000 merchants and have recently launched Shiprocket Fulfilment for extending the existing platform including storage, pick, pack and dispatch.

Further, we want to invest in building world-class consumer experiences, as well as helping merchants grow their business with allied services in the coming years,” he added. The latest capital infusion brings Shiprocket’s total funding to $53 million.

The investment will be used by the Delhi-based startup for its product development roadmap, which includes hiring top talent across product, data, and engineering functions. The funds will also focus on the company’s new strategic initiatives, including expanding globally, the company said.

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

Five Education Firms Offers Online Six Sigma Certification Course

Experts believe that perfection is the key to measuring success in any endeavor. However, they do not know how to measure that perfection. This...

Versatile ZServiceDesk IT GRC at Affordable Cost Launched in India

India is among the top five countries with the greatest number of cyber-attacks, according to The Indian Computer Emergency Response Team (CERT). The...

You Don’t Have to be Rich to Do Good, Says Octogenarian Billionaire G P Hinduja

In a lively virtual session of Tete-a-tea, octogenarian billionaire-industrialist and businessman of Indian origin in UK, Shri Gopichand Hinduja aka G P Hinduja,...

Airmeet Proudly Announces Certification for ISO 27001:2013 Security Standard

Airmeet, an all-in-one platform for virtual and hybrid events designed to deliver real engagement and better interactions, announced the issuance of the certificate...

ADVIK Acquires Hanon Bangalore Operations Pvt. Ltd. from Hanon Systems specializing in Vacuum Pump and Water Pump

The acquisition will create additional expertise for ADVIK in Vacuum Pump and Water Pump space for the Passenger Car segment. ...