Shiprocket raised $33.5 mn in VC funding

Zomato-backed logistics technology platform Shiprocket has raised $33.5 million in a VC funding round co-led by Temasek and Lightrock India.
VC funding for techShiprocket was valued at around $1.2 billion with the fresh round of funding.

The funds will help Shiprocket extend its operating system by building newer software and intelligence products along with deepening its capability on the fulfilment and same-day delivery experience.

The funding round saw participation from existing investors, Bertelsmann India Investments, March Capital, Moore Strategic Ventures, PayPal Ventures and Huddle.

Shiprocket delivers packets to more than 66 million consumers annually and is growing 3 times year on year.

Last month, Shiprocket acquired omnichannel commerce company Arvind Internet’s technology business called Omuni for Rs 200 crore in a stock and cash deal.

In June, Shiprocket acquired a majority stake in Pickrr, an ecommerce software-as-a-service (SaaS) platform for D2C brands and SME e-tailers for around $200 million.

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