Shiprocket Raises around $13 Mn In Series C for Funding To Fuel worldwide Expansion
New Delhi-based logistics aggregator Shiprocket sells directly to consumers, including social media influencers, and raises $ 13 million in new funding to expand the platform. Now the company is making funding with In Series C for Fuel worldwide Expansion.
Today, the SME segment includes capital and credit financing, infrastructure, and technology. The high authority of the company added that Shiprocket has enabled these companies to thrive in the era of mobile Internet and the new competition enabled by companies. The start-ups have already shipped abroad and have delivered to over 26,000 postal codes in India and 220 countries and markets.
Shiprocket is India’s only automated shipping company for eCommerce. It lets you allocate AWB number, select courier companionship, and can track orders from a single panel.
More News: Startup Unfold
The establish has said it will make use of the cash on a product development roadmap, which comprises employ better ability in data science and engineering, and its worldwide expansion plans.
Shiprocket Details of funds used in different activities
The latest capital infusion totaled Shiprocket’s financing of $ 26 million. The startup based in Delhi will use this investment to advance its roadmap for developing aggressive products, which includes recruiting top talent in the fields of data science and engineering. The high authority of the company said the money will also use on the company’s new plan, including its international expansion.
The funds will also focus on new business initiatives, including their international expansions. With the new funds, Tribe Capital LLC Arjun Sethi will join the Shiprocket Board of Directors. On the other hand, Shiprocket’s total financing is around $ 26 million from big investors of the country.
Details About Company:
Ship Rocket, founded in 2016 by Saahil Goel, Gautam Kapoor, and Vishesh Khurana, is a global logistical consolidation company for global and national MSME shipments operating in the e-commerce sector.
The company claims that it’s USPs, such as an AI-based recommendation engine and profitability, etc., have enabled the platform to achieve a 300% annual growth rate for all customers and onboard, regardless of operational geography or size.