Shiprocket plans up to Rs 3.5 Cr investment in startups under accelerator programme

Logistics aggregator platform Shiprocket has launched an accelerator programme, Rocket Fuel, under which it plans to invest up to Rs 3.5 cr in each startup selected in the scheme.

Startups registered and enrolled in the accelerator programme will also gain access to Shiprocket’s distribution network along with guidance from the fast-growing brand’s expert resource network as required.

"We plan to invest anywhere between Rs 75 lakh to Rs 3.5 crore in the startup selected in Cohort. Funding will be a mix of credits from various companies plus cash from angel and venture capital investors. The amount is for each startup," said Saahil Goel, Co-founder and CEO, Shiprocket.

Register here:

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