Private Equity Fund Investments
Logistics aggregator Shiprocket raises $41-M from PayPal, Bertelsmann, others
Logistics aggregator Shiprocket has raised USD 41.3 million in a “D1†funding round co-led by PayPal Ventures, the venture investment arm of PayPal, and existing investor Bertelsmann India Investments. Other existing investors Info Edge Ventures, March Capital, Tribe Capital and Innoven Capital also participated in the round. Shiprocket's strategic partners like Razorpay and entrepreneurs such as Cred's Kunal Shah and Zomato's Deepinder Goyal have also put in capital. Shiprocket aggregates demand from direct-to-consumer (D2C) brands, micro entrepreneurs and local brands and sends them to logistics players like Delhivery and Ecom Express. The company will use the new funds to expand to the Middle East, starting from Saudi Arabia.
From the Venture Intelligence PE-VC Deal Database: Between Jul-13 and Dec-20, Shiprocket raised over $52-M from Tribe Capital, March Capital, Bertelsmann India Investments, InnoVen Capital, Beenext, Nirvana Ventures, Recruit Strategic Partners, Beenos Partners, 5Ideas and others.
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