HomeTechShiprocket raises $33.5 million, turns into India's 106th unicorn

Shiprocket raises $33.5 million, turns into India’s 106th unicorn

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New Delhi: Zomato-backed logistics expertise platform Shiprocket on Wednesday grew to become India’s 106th unicorn after elevating $33.5 million (about Rs 270 crore) in a funding spherical co-led by Temasek and Gentle rock India. Shiprocket was valued at round $1.2 billion with a recent spherical of funding. The recent funds will assist Shiprocket prolong its working system by constructing newer software program and intelligence merchandise together with deepening its functionality within the achievement and same-day supply expertise, it mentioned in a press release.

The Collection E2 funding spherical additionally noticed participation from present buyers, Bertelsmann India Investments, March Capital, Moore Strategic Ventures, PayPal Ventures, and Huddle.”This funding will assist speed up our roadmap and also will assist us carry world-class e-commerce experiences to each direct commerce retailer in India,” mentioned Saahil Goel, CEO, and Co-founder, Shiprocket.

Launched in 2017, Shiprocket delivers packets to greater than 66 million shoppers yearly and is rising 3 occasions yr on yr. Final month, Shiprocket acquired omnichannel commerce firm Arvind Web Restricted’s expertise enterprise known as ‘Omuni’ for Rs 200 crore in a inventory and money deal.

The deal will leverage each firms’ expertise and assets to allow fast, environment friendly, hassle-free deliveries from the closest retailer/warehouse in a bigger D2C commerce enablement section, Shiprocket mentioned in a press release. In June, Shiprocket acquired a majority stake in Pickrr, an e-commerce software-as-a-service (SaaS) platform for D2C manufacturers and SME e-tailers for round $200 million (practically Rs 1,560 crore).

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