With its latest investment round, Shiprocket joined the unicorn club on Wednesday.
Temasek and Lightrock India, along with current investors Bertelsmann India Investments, March Capital, Moore Strategic Ventures, PayPal Ventures, and Huddle, jointly led the Series E2 round in which the firm raised Rs 270 crore ($33.5 million).
The country’s 106th unicorn is presently the largest eCommerce logistics aggregator, which was introduced in 2017. With this financing, Shiprocket will be able to develop newer software and intelligence products, expand its fulfilment and same-day delivery capabilities, and further develop its operating system.
“This investment will assist expedite our roadmap and also help us deliver eCommerce experiences to every direct commerce retailer in India,” said Saahil Goel, CEO and co-founder of Shiprocket.
