Shiprocket turns unicorn with $32 million funding

Logistics aggregator Shiprocket has approved a Rs 259 crore ($32 million) fundraising round from existing investors Singapore’s Temasek and Lightrock India, the latest regulatory documents sourced from business intelligence platform Tofler showed.

This takes its valuation to around $1.3 billion, making it the latest entrant to the unicorn club this year. Startups valued at $1 billion or more are termed unicorns.