Shiprocket raises USD 13 mn in Series C Round
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...