Funding Alert

Logistics Startup Shiprocket To Raise $185 Mn.

• ByStartupStory     |    November 11, 2021

Shiprocket, a Gurugram-based B2B logistics platform, has raised $185 million in a new round of funding. Zomato is one of the new investors, according to Zomato’s quarterly report, who will spend $75 million for an 8% interest in the company. The fresh round is intended to attract a larger number of new investors as well as existing investors.

PayPal Ventures, as well as current investors Bertelsmann India Investment, Info Edge Ventures, March Capital, and Tribe Capital, gave the business $41.3 million in July of this year.This round of funding also included Razorpay, CRED founder Kunal Shah, and Zomato CEO and cofounder Deepinder Goyal.

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