E-commerce aggregation platform Shiprocket has raised $27 million in Series C3 funding co-led by Tribe Capital, a Silicon Valley-based venture capital firm, along with March Capital, a Santa Monica-based venture growth firm.
Shiprocket will use the funds towards aggressive 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.
Shiprocket’s total funding reached $53 million.
Shiprocket currently processes more than 4 million monthly shipments, enabling more than 100,000 sellers to sell directly to their consumers across India.