Logistics tech platform Shiprocket has raised about $11 million in an extended Series E funding round from McKinsey through its investment arm AFOS LLC, Entrackr reported.
The startup’s board has passed a special resolution to issue 20,913 series E2 preference shares at an issue price of Rs 43,394 to raise the amount, the report said, quoting regulatory filings with the Ministry of Corporate Affairs (MCA).
The investment marks the first round of external funding for Shiprocket this year. The company became India’s 106th unicorn after raising $33.5 million in a funding round co-led by Temasek and Lightrock India in August last year. Shiprocket was valued at about $1.2 billion in the last round.
Launched in 2017, Shiprocket connects retailers, carriers and consumers across national and international locations by providing a technology stack to help retailers integrate their shopping websites on Shopify, Magento, Woocommerce, Zoho, and others.
INDIA DEAL MONITOR
Here are the prominent venture capital transactions in India announced from October 5-10, 2023.