Private Equity Other Private Equity/Strategic Investments
Shiprocket invests $1.5 M in SaaS platform Logibricks
New Delhi-based logistics tech platform Shiprocket has invested $1.5 million in Pune-based Logicbricks, a SaaS platform that enables online retailers to manage their end-to-end operations.
Logibricks will use the fresh funds to revamp its current product and launch its upgraded platform by April 2022, apart from hiring more talent and product innovation.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between Jul-13 and Nov-21, Shiprocket raised about $279 M from Bertelsmann India Investments, Innoven capital, Tribe Capital, March Capital and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)