Shiprocket, an e-commerce shipping platform that enables fast and cost-effective shipping for D2C (direct to consumer) retailers has raised $27 million in Series C3 funding. 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. The latest infusion of capital brings Delhi-based Shiprocket’s total funding to $53 million. The investment will fuel Shiprocket’s 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.
Read more about Logistics aggregator platform Shiprocket raises Rs 200 cr in C3 funding on Business Standard. The fresh funding 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
India: Logitech startup Shiprocket raises $27m from Tribe, March Capital, others
A man offering his services as a road guide stands outside of a logistics park in Chengdu, China, on Tuesday, April 11, 2017. Photographer: Qilai Shen/Bloomberg
February 18, 2021
New Delhi-based logistics aggregator Shiprocket on Thursday announced that it has raised $27 million in Series C3 funding round.
The financing was co-led by Silicon Valley-based venture capital firm Tribe Capital, along with March Capital, a Santa Monica-based venture growth firm, the startup said in a statement. Other investors in the round included Rahul Mehta of DST Global and existing investor Bertelsmann India Investments, the company said in a statement.
Shiprocket raised ₹200 crore funding
February 18, 2021
Investment to fuel company’s product development roadmap Shiprocket, a New Delhi-based e-commerce shipping platform, has raised ₹200 crore ($27 million) in Series C3 funding, co-led by Tribe Capital and March Capital. This infusion takes the company’s total funding to $53 million.
The investment will be used to fuel Shiprocket’s product development roadmap, including hiring across product, data, and engineering functions. The funds will also focus on the company’s new strategic initiatives, including expanding globally, it said in a statement.
Rahul Mehta of DST Global also participated in the round along with existing investor Bertelsmann India Investments. Tribe Capital is a Silicon Valley-based venture capital firm, and March Capital is a Santa Monica-based venture growth firm.
E-commerce aggregation platform Shiprocket on Thursday announced it has raised $27 million (nearly 200 Crore) in Series C3 funding.The company said it will use the fresh funds towards aggressive product development roadmap, which includes .