PE Fund Investments
Logistics aggregator Shiprocket raises $32-M from Temasek, Lightrock, others; turns unicorn
Delhi-based logistics aggregator Shiprocket has raised INR 259 crore (USD 32 million) from Singapore's Temasek and Lightrock India, both existing investors. The inside round takes the firm's valuation to around USD 1.3 Billion, making it the latest entrant to the unicorn club. Other investors in the round include Bertelsmann India, March Capital Partners, Moore Strategic Ventures, Huddle Collective and Paypal. Following the latest investment, Temasek's shareholding will increase to 5.75%, while Lightrock's stake will touch 4.79%. Shiprocket was valued at USD 900-950 million after raising USD 185 million in a round led by food deliverer Zomato, Temasek and Lightrock in December.
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