Shiprocket showing interest in raising Rs 219 crore in funding round. MUFG Bank, Tribe Capital, SAI Global, and Huddle Ventures will also participate in this round. The funding highlights the growing interest in India's logistics and e-commerce sectors.

Shiprocket Company Update 

On 17 December 2024, the board of the company approved the proposal to issue 50,461 Series E3 compulsorily convertible preference shares (CCPS) to investors at an issue price of Rs 43,394 per share. This move demonstrates Shiprocket's strategy to attract significant investments while maintaining its growth trajectory in the competitive logistics industry.

KDT Ventures will contribute ₹124.5 crores in this funding round, making it the largest investor. Additionally, SAI Global will invest ₹38.09 crores, further boosting the company's financial position. The participation of diverse investors, including Tribe Capital and MUFG Bank, reflects the confidence of global investors in Shiprocket’s potential to revolutionize last-mile delivery and logistics services in India.

Shiprocket Expanding Services 

Shiprocket has been expanding its services to cater to the rising demand in the e-commerce logistics sector. The fresh capital will likely be used to enhance its technology, optimize its logistics operations, and strengthen its market presence. With this funding, Shiprocket aims to further innovate and position itself as a leader in India's logistics industry.

Tribe Capital and Huddle Ventures will make major investments of Rs 6.22 crore and Rs 34.71 lakh in this funding round. Meanwhile, MUFG Bank will invest Rs 49.79 crore in the logistics major in two separate tranches.

Shiprocket Raising Rs 219 Crore 

Logistics startup Shiprocket company is raising Rs 219 crore in its latest funding round. It is led by US-based venture capital firm KDT Ventures. MUFG Bank, Tribe Capital, SAI Global and Huddle Ventures will be major participants in this funding round. This funding round highlights the growing interest in India's logistics and e-commerce sector and this is a big news in market.