[Investor Summit 2021] 5 sectors Bertelsmann India MD Pankaj Makkar is bullish on yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Insights from YourStory’s Investor Summit 2021
The all-virtual event encompassed a stellar line-up of speakers, insightful sessions, diverse representation from the funding and startup ecosystem, and abundant networking opportunities.
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In a first-of-its-kind event in India,
Delivering the welcome address,
YourStory Founder and CEO Shradha Sharma said it was a great time to be an entrepreneur.
“Given the lack of opportunities for interactions this year, we wanted to bring the investors to you. And help you have meaningful, relevant, and precise conversations. So, make sure that you connect with every investor who is here today,” she said.
A SaaS-oriented panel titled “Tailwinds in SaaS in 2021” discussed how more B2B companies were being founded now, which wasn’t the case 10 years ago. The panel comprised Blume Ventures’ Sanjay Nath, Prime Venture Partners’ Shripati Acharya, Chiratae Ventures’ Venkatesh Peddi, Stellaris Venture Partners’ Alok Goy
Bertelsmann India Investments MD shares the venture capital fund s investment strategy in India thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
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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Synopsis
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.
Read more about Logistics firm Shiprocket raises Rs 200 crore in series C funding round on Business Standard. Investors included Silicon Valley based venture capital firm Tribe Capital