Shiprocket's $13 Million Series C Financing

Shiprocket's $13 Million Series C Financing

5/13/2020

Shiprocket's $13 Million Series C Financing

Gunderson Dettmer represented Tribe Capital.

Shiprocket, an e-commerce software platform that automates the shipping processes, 

has announced its Series C funding round of $13 million (Rs 100 crore). The round was led by Tribe Capital, a Silicon Valley-based investment firm, along with Innoven Capital and existing investor Bertelsmann India Investments.

Shiprocket works with more than a dozen courier companies in India and negotiates terms such as the fee and shipment tracking with them on behalf of its sellers, Saahil Goel, co-founder and chief executive of the startup, told TechCrunch in an interview last year.

Shiprocket says it will use the fresh capital to expand its data science and engineering teams and focus on new initiatives including its international expansions. The startup already ships shipment overseas, it claims it delivers in more than 26,000 zip codes in India and 220 additional countries and markets.

The Gunderson Dettmer deal team included Ryan Purcell (Picture) and Jacquelyn DeVore.