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Logistics shiprocket temasek Paypal

Indian logistics aggregator Shiprocket raises $32 million, turns unicorn

Shiprocket, an India-based e-commerce logistics aggregator has raised $32 million in new funding from its existing investors including Temasek, Lightrock India, and others, and is now valued at $1.3 billion. * Temasek will now own 5.75% of the startup while Lightrock owns 4.79% with the latest investment. * Shiprocket

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated
Indian logistics aggregator Shiprocket raises $32 million, turns unicorn
Photo by Petr Magera / Unsplash

Shiprocket, an India-based e-commerce logistics aggregator has raised $32 million in new funding from its existing investors including Temasek, Lightrock India, and others, and is now valued at $1.3 billion.

  • Temasek will now own 5.75% of the startup while Lightrock owns 4.79% with the latest investment.
  • Shiprocket recently acquired Omuni, an omnichannel technology company to achieve improved inventory utilization, faster delivery, and optimization of operational costs.
  • The new unicorn startup last raised $185 million in a round led by Zomato which valued it at $900-950 million.
  • Bertelsmann India, March Capital Partners, Moore Strategic Ventures, Huddle Collective and PayPal invested in the latest round.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated

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