SaaS-based logistics startup Shiprocket turns unicorn in $32M funding round
Logistics startup Shiprocket has secured almost $32 Mn in a bridge round. The company was worth around $1.2 Bn in the funding round, which makes it India’s 106th unicorn. Shiprocket has secured approximately $32 million in a bridge round led by Light Rock India and Temasek. In the funding round, the logistics startup was valued at around $1.2 billion, making it the country's 106th unicorn. This year, Shiprocket has acquired five startups and made numerous investments. Shiprocket, a SaaS-based logistics startup backed by Zomato, has become the country's latest unicorn. Shiprocket has raised $33.5 million in a Series E2 funding round led by Light Rock India. According to the startup's regulatory filing, the funding round included Singapore's sovereign fund Temasek, Bertelsmann, Moore Strategic Ventures, Paypal, March Capital, and Huddle. Shiprocket allotted 59,793 Series E2 compulsory convertible preference shares (CCPS) at an issue price of INR 43,394...