Shiprocket to raise Rs. 219 cr funding, set to boost logistics ops India

As part of its strategic Series E round of funding, Shiprocket is set to raise INR 219 Crore. The round of funding is led by KDT Ventures, with involvement from MUFG Bank, Tribe Capital, and SAI Global as well. A major part of the investment will be supported by KDT Ventures (INR 124.5 Cr), while MUFG Bank will contribute INR 49.8 Cr. Tribe Capital, SAI Global India and Huddle Collective have also contributed a major chunk in the total funding. Post Allotment, Shiprocket is estimated to be valued at around INR 10,195 Crore, as per the reports. Previously, Shiprocket has raised over $320 Million of fundings (till date), with a recent contribution $11 Million from Mckinsey. During the Fiscal Year 2023-24, the company recorded a significant 21% YoY growth in revenue, which stood at INR 1316 Cr.