With $32 Million in Funding, Shiprocket Becomes a Unicorn.
According to the most recent regulatory documents obtained from business intelligence platform Tofler, logistics aggregator Shiprocket has approved a Rs 259 crore ($32 million) fundraising round from existing investors Singapore's Temasek and Lightrock India. This raises its estimated value to $1.3 billion, making it the newest member of this year's unicorn club. Startups with a $1 billion or higher valuation are known as unicorns. After funding $185 million in a round led by food delivery service Zomato, Temasek, and Lightrock in December, Shiprocket was valued at $900-$950 million....
Source: techstory.in
