Logistics-based Supply chain firm Shiprocket nets Rs. 219 crore in Series E
Shiprocket, a logistics and supply chain enabler, is extending its current Series E round by raising Rs. 219 crore, or around $26 million.
KDT Ventures is leading the round, and SAI Global, Tribe Capital, and MUFG Bank are also involved.
According to its regulatory filing obtained from the Registrar of Companies, the Shiprocket board has voted a special resolution to issue 50,461 Series E3 CCPS at an issue price of Rs. 43,394 apiece in order to raise Rs. 219 crore.
With an investment of Rs. 124.5 crore, KDT Ventures will lead the round. Tribe Capital and MUFG Bank will each contribute Rs 6.23 crore and Rs. 49.8 crore. SAI Global India and Huddle Collective would contribute Rs. 38 crore and Rs. 34.7 lakh, respectively.
The money appears to be a component of a larger deal that will include more capital. Fintrackr estimates that the company's post-allotment valuation is around Rs. 10,195 crore, or $1.21 billion.
Saahil Goel, Gautam Kapoor, and Vishesh Khurana founded Shiprocket, a logistics and supply chain platform that helps companies expedite delivery through automated solutions, real-time tracking.
KDT Ventures is leading the round, and SAI Global, Tribe Capital, and MUFG Bank are also involved.
According to its regulatory filing obtained from the Registrar of Companies, the Shiprocket board has voted a special resolution to issue 50,461 Series E3 CCPS at an issue price of Rs. 43,394 apiece in order to raise Rs. 219 crore.
With an investment of Rs. 124.5 crore, KDT Ventures will lead the round. Tribe Capital and MUFG Bank will each contribute Rs 6.23 crore and Rs. 49.8 crore. SAI Global India and Huddle Collective would contribute Rs. 38 crore and Rs. 34.7 lakh, respectively.
The money appears to be a component of a larger deal that will include more capital. Fintrackr estimates that the company's post-allotment valuation is around Rs. 10,195 crore, or $1.21 billion.
Saahil Goel, Gautam Kapoor, and Vishesh Khurana founded Shiprocket, a logistics and supply chain platform that helps companies expedite delivery through automated solutions, real-time tracking.
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