Shiprocket, an e-commerce shipping platform that enables fast and cost-effective shipping for D2C (direct to consumer) retailers has raised $27 million in Series C3 funding. The round was co-led by Tribe Capital, a leading Silicon Valley-based venture capital firm, along with March Capital, a Santa Monica-based venture growth firm. Rahul Mehta of DST Global also participated in the round along with existing investor Bertelsmann India Investments.
The latest infusion of capital brings Delhi-based Shiprocket’s total funding to $53 million. The investment will fuel Shiprocket’s aggressive product development roadmap, which includes hiring top talent across product, data, and engineering functions. The funds