Zomato-backed Shiprocket raises $33.5 mn, becomes India’s 106th unicorn

Zomato-backed logistics technology platform Shiprocket on Wednesday became India’s 106th unicorn after raising $33.5 million (about Rs 270 crore) in a funding round co-led by Temasek and Lightrock India.

Shiprocket was valued at around $1.2 billion with the fresh round of funding.

The fresh funds will help Shiprocket extend its operating system by building newer software and intelligence products along with deepening its capability on the fulfilment and same-day delivery experience, it said in a statement.

The Series E2 funding round also saw participation from existing investors, Bertelsmann India Investments, March Capital, Moore Strategic Ventures, PayPal Ventures and Huddle.