Total amount raised
$53.5 Million
Latest funding date
2/1/2021
Location
Shiprocket has successfully navigated 13 funding rounds, with its latest being a Series E round involving five investors, including KdT Ventures. The platform is backed by 38 investors, with recent contributions from Huddle Ventures and Sai Global India.
Shiprocket's journey in the e-commerce shipping sector is marked by strategic investments and acquisitions, including its most recent acquisition of Omuni (Arvind Internet). Keep reading to explore the intricacies of Shiprocket's fundraising journey and the investors backing this innovative platform.
What Is Shiprocket?
Shiprocket is a private e-commerce shipping platform based in New Delhi, India. The company operates in various industries, including Artificial Intelligence, E-Commerce, Logistics, Shipping, and Supply Chain Management. It has a workforce of 501-1000 employees.
Shiprocket offers comprehensive solutions for domestic and international shipping, warehousing, packaging, AI-powered marketing tools, and financial services. The platform serves over 4 lakh businesses, covers more than 19,000 unique pin codes in India, and reaches 220+ countries globally.
How Much Funding Has Shiprocket Raised?
- Series B
- Amount Raised: USD 4,100,000
- Date: January 2018
- Lead Investors: Bertelsmann India Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance technological capabilities.
- Series C
- Amount Raised: USD 13,000,000
- Date: May 2020
- Lead Investors: Tribe Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve logistics infrastructure.
- Series C
- Amount Raised: USD 27,000,000
- Date: February 2021
- Lead Investors: Tribe Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and expand into new markets.
- Series D
- Amount Raised: INR 3,050,000,000
- Date: July 2021
- Lead Investors: Bertelsmann India Investments, Info Edge Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and technological advancements.
- Corporate Round
- Amount Raised: USD 75,000,000
- Date: November 2021
- Lead Investors: Zomato
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen strategic partnerships and enhance service offerings.
- Series E
- Amount Raised: USD 185,000,000
- Date: December 2021
- Lead Investors: Lightrock, Temasek Holdings, Zomato
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand international presence.
- Series E
- Amount Raised: USD 32,000,000
- Date: August 2022
- Lead Investors: Lightrock, Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI-powered tools and enhance logistics solutions.
- Series E
- Amount Raised: INR 907,000,000
- Date: October 2023
- Lead Investors: McKinsey & Company
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve operational efficiency.
- Series E
- Amount Raised: INR 2,190,000,000
- Date: December 2024
- Lead Investors: KdT Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business expansion and technological advancements.
Total Amount Raised: USD 336,100,000
Current Valuation: Not publicly disclosed
Key Investors
- KdT Ventures
- Details: KdT Ventures is a venture capital firm that focuses on early-stage investments. They are known for backing innovative startups in various sectors.
- Investment Focus Areas: Biotechnology, Healthcare, Technology
- Notable Investments: Not publicly disclosed
- McKinsey & Company
- Details: McKinsey & Company is a global management consulting firm. They provide strategic advice to businesses and governments worldwide.
- Investment Focus Areas: Consulting, Technology, Healthcare
- Notable Investments: Not publicly disclosed
- Lightrock
- Details: Lightrock is a global private equity firm that invests in sustainable businesses. They focus on companies that drive positive social and environmental impact.
- Investment Focus Areas: Healthcare, Education, Renewable Energy
- Notable Investments: Not publicly disclosed
- Temasek Holdings
- Details: Temasek Holdings is a Singaporean investment company. They manage a diversified global portfolio across various industries.
- Investment Focus Areas: Financial Services, Telecommunications, Consumer Goods
- Notable Investments: Not publicly disclosed
- Zomato
- Details: Zomato is a global restaurant discovery and food delivery service. They have expanded their services to include grocery delivery and other on-demand services.
- Investment Focus Areas: Food Delivery, Technology, Logistics
- Notable Investments: Not publicly disclosed
What's Next for Shiprocket?
Shiprocket stands at the cusp of significant growth opportunities, driven by the expanding e-commerce market and the increasing demand for efficient logistics solutions. The platform's ability to cover over 19,000 pin codes in India and reach 220+ countries globally positions it well to capitalize on these trends.
Future fundraising efforts are likely to be bolstered by these opportunities, as investors seek to support companies that can scale rapidly and meet the growing needs of the market. Shiprocket's focus on enhancing its technological capabilities and expanding its market reach will be key factors in attracting further investment.
However, the path ahead is not without challenges. The company must navigate intense competition and continuously innovate to stay ahead. Additionally, managing the complexities of international logistics and maintaining high service standards will be critical to sustaining its growth trajectory.
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