Times Applaud

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...

Mohan Ramaswamy and Sukhveer Dhariwal have built an over Rs. 6 crore turnover logistics company. Terrago also aims to lower CO2 emissions in the environment. Mohan Ramaswamy was working on his integrated logistics business idea when he met Sukhveer Dhariwal through a mutual friend. After meeting, they decided they were a perfect match and founded Terrago Logistics, which provides hassle-free and easy logistics services to B2B and B2C businesses. But that's not all, as the company also strives to reduce carbon emissions in the environment. Mohan and Sukhveer invested Rs. 1 lakh in the company and began working hard to make it run and develop. That's how the two started working on Terrago Logistics and established it on November 13, 2017. Terrago operates in intercity transportation, intracity transportation, and track and trace technology services. "We give both physical and digital form of logistic services to B2B and B2C through not only one means of ...