Business Other News 19 Aug 2022 Logistics startup Sh ...

Logistics startup Shiprocket becomes unicorn

FINANCIAL CHRONICLE | SANGEETHA G
Published Aug 19, 2022, 12:20 pm IST
Updated Aug 19, 2022, 12:20 pm IST
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Chennai: Zomato-funded logistics start-up Shiprocket is the latest company to join the club of unicorns. In the recent funding round the company was valued more than $1 billion.

Shirocket has raised Rs 259 crore in an extended Series E round. As per a report by Entrackr, Light Rock India and MacRitchie Investments led this round. Other investors include Bertels-mann Nederland BV, Moore Strategic, Paypal Inc and MCP3 SPV. The company has raised fresh funds at a valuation of $1.23 billion.

In December, it was valued at around $930 million when Shiprocket raised $185 million in a Series E round co-led by Zomato, Temasek and Lightrock India. Since then, it has acquired Arvind Internet Ltd’s Omuni, Rocketbox and Pickrr.
ASK Private Wealth Hurun India Future Unicorn Index 2022 had recently termed Ship-rocket as the most valued Gazelle.

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