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Tech based logistics aggregator Shiprocket raises USD 13 million (about Rs 100 crore) in Series C funding round. The funding was led by Tribe Capital LLC and Innoven Capital and it also saw participation from existing investor Bertelsmann India Investments. The latest round of Shiprocket's will make its total funding to USD 26 million. "The investment will be used to fuel Shiprocket's aggressive product development roadmap which includes hiring top talent across data science and engineering domains. The funds will also be focused on the company's new initiatives including its international expansions," it added. As part of the agreement, Arjun Sethi from Tribe Capital LLC will join Shiprocket's board of directors. "The boom in D2C (Direct to Consumer) brands and social se...

China plans to build 212 national logistic hubs and form a national logistics hub network in line with the advanced economic system by 2035. About 30 hubs will be established by 2020 and another 150 will be built by 2025, reducing the ratio of total logistics expenses to GDP to about 12 percent, according the overall arrangement and construction plan for national logistic hubs. The plan released by the National Development and Reform Commission and the Ministry of Transport on Monday also named 127 qualified cities to host the project of building six kinds of hubs, including land port, harbor port, airport, service-oriented port, commerce and trade-oriented port and land border port. Air express, high-speed rail express, cold-chain express, e-commerce express and cross-border com...

Tag: logistic

Shiprocket raises USD 13 mn in Series C Round

China Aims to Build up 212 National Logistic Hubs