Tribe Capital in $100M funding talks with India's Shiprocket: reports
Logistics startup Shiprocket seeks to raise between $75-$100 million from investor Tribe Capital to expand services, prepare a potential IPO.
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Logistics startup Shiprocket seeks to raise between $75-$100 million from investor Tribe Capital to expand services, prepare a potential IPO.
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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 ...