B2B logistics platform Shiprocket raised $185 million in Series E round co-led by Zomato, Temasek and Lightrock India where Moore Strategic Ventures and 9Unicorns also participated. This Shiprocket’s third round of funding in 2021, which bring the total funds raised to $280 million.
Shiprocket is a product of Bigfoot Retail Solution Pvt. Ltd., India's best logistics software provider, and it provides automated shipping solutions. The startup will put the new funds toward aggressive core product expansion, research and development, talent acquisition, and the creation of a suite of products for retailers. The startup is also looking to expand in the Middle East and is actively seeking inorganic growth through mergers and acquisitions.