PE Fund Investments
Logistics aggregator Shiprocket raises $185-M from Zomato, Temasek, Lightrock, others
New Delhi-based Shiprocket, a logistics aggregator, has raised USD 185 million (INR 1,380 crore) in a Series E funding round led by Zomato, Singapore's sovereign wealth fund Temasek and Lightrock India. New investors Moore Strategic Ventures and 9unicorns, and existing investors InfoEdge Ventures and March Capital participated in the round. The company's valuation in this round is estimated at USD 900-950 million. Of the total USD 185 million funding, USD 25 million was a secondary share sale, where some of its early investors, stock option holders, ex-employees and angel investors sold their stakes. Zomato invested USD 75 million while Temasek brought in USD 50 million and Lightrock, USD 40 million. Info Edge Ventures and Moore Capital pumped in USD 10 million USD 5 million, respectively. The remaining came in from various individual investors. For Shiprocket, this is the third funding round this year, taking the total funds raised to USD 280 million.
From the Venture Intelligence PE-VC Deal Database: Between Jul-13 and Nov-21, (where Zomato invested $75-M), Shiprocket has raised $169.3 M from PayPal, Tribe Capital, March Capital, Info Edge, InnoVen Capital, Bertelsmann India Investments, Nirvana Ventures, Beenext, Recruit Strategic Partners, 5Ideas, and others. Some of the investors have made part-exits. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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