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D2C brands delivery aggregator Shiprocket in talks for $200-M from Temasek, others

Economic Times  

Delhi-based logistics aggregator Shiprocket is in talks with Singapore's sovereign wealth fund Temasek to lead a new round of funding that is expected to be USD 200 million in size. Other cross-border investors besides existing investors may join the funding round that is expected to value the company at over USD 800 million. Shiprocket aggregates delivery demands from direct-to-consumer (D2C) brands, micro entrepreneurs and local brands, and sends them to logistics players such as Delhivery and Ecom Express. Besides shipping services, it also offers its technology stack to retailers to integrate their shopping websites on platforms like Shopify. So far, Shiprocket has raised around USD 94 million. In July, it had raised little over USD 41 million in what it called series D1 funding co-led by PayPal Ventures, the venture investment arm of PayPal, and its existing investor Bertelsmann India Investments. In July, it had around 60,000 active merchants on the platform and around 10,000 of them were D2C brands.