Tech-enabled logistics and fulfillment platform Shiprocket has approved a Rs 259 crore ($32 million) fundraising round from existing investors Singapore’s Temasek and Lightrock India, according to ET report.
Other investors in the current round include Bertelsmann India, March Capital Partners, Moore Strategic Ventures, Huddle Collective and Paypal.
“Internal investors were keen to double down on the firm, especially following the M&As Shiprocket has done and its plan to scale up its Software-as-a-Service (SaaS) offerings,” a person briefed on the new funding round said.
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