Shiprocket to Raise ₹219 Crore in Series E Funding Round

Shiprocket, a leading Indian e-commerce logistics and supply chain platform, is set to raise ₹219 crore ($26 million) in its ongoing Series E funding round. The investment is led by KDT Ventures, with participation from MUFG Bank, SAI Global India, Tribe Capital, and Huddle Collective.

The latest funding highlights growing investor confidence in Shiprocket’s logistics technology platform and its long-term growth strategy. The Gurugram-based startup plans to utilise the fresh capital to expand its operations, strengthen its distribution network, and enhance its technology-driven logistics solutions.

KDT Ventures Leads the Funding Round

According to the approved funding plan, KDT Ventures will invest ₹124.5 crore, making it the largest contributor in this round. Other participating investors include:

• MUFG Bank: ₹49.8 crore
• SAI Global India: ₹38 crore
• Tribe Capital: ₹6.23 crore
• Huddle Collective: ₹34.7 lakh

To facilitate the fundraising, Shiprocket’s board has approved a special resolution to issue 50,461 Series E3 Compulsory Convertible Debentures (CCDs) at an issue price of ₹43,394 per debenture, raising approximately ₹219 crore.

How Shiprocket Will Use the Fresh Capital

Shiprocket plans to deploy the newly raised funds to:

• Scale business operations across India
• Expand its logistics and distribution network
• Strengthen technology infrastructure
• Improve delivery efficiency and customer experience
• Develop innovative supply chain solutions

The company offers businesses an integrated logistics platform that enables courier aggregation, automated shipping, order management, shipping label generation, and real-time shipment tracking from a single dashboard.

Shiprocket’s Funding Journey

Since its inception, Shiprocket has raised nearly $323 million across multiple funding rounds. Earlier investors include:

• Bertelsmann Nederland B.V.
• Tribe Capital
• PayPal
• Temasek
• Lightrock
• Nirvana Ventures Advisors
• Afos
• McKinsey

The company currently holds an estimated post-money valuation of $1.21 billion, reinforcing its position among India’s leading logistics technology startups.

Financial Performance

Shiprocket recorded strong revenue growth during FY24.

Key financial highlights include:

• Revenue increased 21% year-on-year to ₹1,316 crore
• Net loss widened to ₹595 crore

Despite reporting higher losses, the company continues investing heavily in technology, logistics infrastructure, and market expansion to support long-term growth.

Competitive Landscape

Shiprocket operates in India’s rapidly growing logistics technology sector and competes with several supply chain and e-commerce enablement platforms, including:

• Unicommerce
• ShipBob

Its platform helps online sellers manage orders across multiple marketplaces by offering features such as:

• Order management
• Shipping rate calculator
• Real-time order tracking
• Courier partner integration
• Automated shipping workflows

These capabilities make Shiprocket a preferred logistics partner for businesses seeking efficient and scalable shipping solutions.

Conclusion

The Shiprocket Series E funding marks another significant milestone for the Gurugram-based logistics startup. With ₹219 crore being raised from KDT Ventures, MUFG Bank, SAI Global India, Tribe Capital, and other investors, the company is well-positioned to accelerate growth, expand its logistics network, and enhance its technology platform.

As India’s e-commerce ecosystem continues to expand, Shiprocket aims to strengthen its leadership in logistics and supply chain technology through continued innovation and strategic investments.