Indian personal care brand Nat Habit has raised $10.2 million in its Series B funding, while logistics solution provider Shiprocket is said to be in talks with venture capital firms to raise up to $75-100 million.
Bertelsmann India Investments leads Nat Habit’s $10m round
Nat Habit has raised $10.2 million in its Series B funding, led by Bertelsmann India Investments.
The round also saw the participation of Amazon India Fund, Mirabilis Investment Trust, and Sharrp Ventures, alongside its existing backer Fireside Ventures.
DealStreetAsia had first reported about the Nat Habit’s fundraising plans in September.
The startup, established in 2019, plans to deploy the capital towards research and development, product development, brand building, offline expansion, and hiring.
Of the total corpus, around $2 million will also be used by Nat Habit to provide an exit to its early-stage investors, the startup said in a statement.
The startup last raised $4 million in its Series A funding round in April 2022.
Shiprocket looking to raise up to $100m funding
Shiprocket, a logistics solution provider, is said to be in talks with venture capital firms to raise up to $75-100 million, led by US-based investment firm Tribe Capital.
According to a news report by TechCrunch that cited its funding talks, the company is also aiming to become IPO-ready in the next 12-18 months.
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.
It is understood to be working with 250,000 merchants in India, who together do about 200 million transactions annually.