Logistics tech startup Shiprocket raised ₹ 55.4 Cr from California-based March Capital and existing investor Tribe Capital by allotting 81,395 Series C3 CCPS at an issue price of ₹ 6802.93 per share. While March Capital will contribute ₹ 29,53 Cr, San Francisco-based Tribe Capital will contribute ₹ 25.84 Cr.
Shiprocket is a tech-enabled logistics aggregation platform that drives global and domestic shipping for MSMEs operating in the ecommerce sector. The company claims to have 40,000 sellers on-board, delivering 75,000 orders daily through its platform. Shiprocket helps its customers to choose the courier company, print shipping labels, track orders from a single panel.