Announced
Completed
Financials
Sources
Tags
Cross Border
e-commerce shipping platform
India
E-commerce
Acquisition
Private
Minority
Private Equity
Venture Capital
Completed
Friendly
Synopsis
Zomato, an Indian multinational restaurant aggregator, Temasek, an investment company, and Lightrock India, a global private equity partnership, led a $185 Series E funding round in Shiprocket, a developer of an e-commerce shipping and enablement platform. Additional investors include Moore Strategic Ventures, 9unicorns, InfoEdge Ventures and March Capital. Shiprocket is on track to launch its hyperlocal delivery options which will guarantee low turnaround times. The company entered the international market last month by launching its services in Saudi Arabia. The startup also plans to actively explore mergers and acquisitions for growth.
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