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Shiprocket
E-commerce shipping and fulfillment platform that offers automated order fulfillment, tracking, and access to a variety of courier services
Founded
2012
Headquarters
Gurugram (India)
Status
Series E
Company Details
Shiprocket is a leading eCommerce enablement platform based in India, primarily focused on simplifying logistics and shipping for digital retailers. Founded in 2012, Shiprocket has evolved into a comprehensive solution that integrates logistics, fulfillment, marketing, and customer communication tools, serving over 250,000 sellers and facilitating significant annual transactions.
Key Features of Shiprocket
Automated Shipping Solutions: Shiprocket offers automated shipping services that connect merchants with various courier partners, enabling efficient delivery across 24,000+ pin codes in India and 220 countries globally.
Technology Integration: The platform provides a robust technology stack that allows retailers to integrate their online stores with popular platforms like Shopify, Magento, and WooCommerce. This integration helps manage orders, print shipping labels, and track shipments seamlessly.
Fulfillment Centers: With more than 45 warehouses across India, Shiprocket ensures effective inventory management and order fulfillment.
Customer Engagement Tools: The company has introduced tools like Engage 360 to enhance customer communication and reduce return-to-origin (RTO) costs for D2C brands.
Vision and Mission
Shiprocket aims to empower medium and small enterprises (MSMEs) by providing them with the necessary technology to scale their businesses effectively. Its mission is to simplify commerce workflows and create value in both domestic and international markets.
Overall, Shiprocket plays a crucial role in the Indian eCommerce ecosystem by enabling seamless logistics solutions that cater to the growing needs of online retailers.
Key Metrics
Total Equity Funding
$357.38 million
No. of Funding Rounds
12
Latest Funding Round
$11.0Million, Series E
as of October 9, 2023
Post Money Valuation
$1.2 billion
as of N/A
Funding Multiple
3.03
as of N/A
Investors
Temasek
and 4 moreEmployee Count
1268
Similar Companies
GoBOLT
Exit Details
N/A
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| October 9, 2023 | Series E | $11.0Million | $1.2Billion | $154.0Million | 7.8x | Afos |
| September 26, 2022 | Series E | Undisclosed | $1.3Billion | $113.0Million | - | Agility |
| August 12, 2022 | Series E | $48.4Million | $1.2Billion | $108.0Million | 11.1x | Temasek, Lightrock, March Capital, Agility PayPal, Moore Strategic Ventures, Bertelsmann, Huddle, Arvind, Huddle Collective |
| December 10, 2021 | Series E | $160.0Million | $958.0Million | $76.2Million | 10.6x | Temasek, Lightrock, Bertelsmann India Investments, Info Edge Ventures, March Capital, Tribe Capital, Gupta Goyal Revocable Trust, 100Unicor Avendusns, Culture Cap Zomato, PayPal, Moore Strategic Ventures, LR India Holdings, Do Moonstone Advisors, Huddle Collective |
| July 8, 2021 | Series D | $41.3Million | $611.0Million | $61.2Million | 9.3x | Info Edge Ventures, Temasek, Bertelsmann India Investments, March Capital, Tribe Capital, Innoven Capital PayPal, Razorpay, Quality Electrody Spark Capitalnamics |
| February 18, 2021 | Series C | $27.0Million | - | $47.0Million | - | Tribe Capital, March Capital, Bertelsmann India Investments |
| December 17, 2020 | Series C | $7.5Million | $156.0Million | $42.7Million | 3.6x | March Capital, Tribe Capital |
| March 23, 2020 | Series C | $13.3Million | $81.8Million | $23.3Million | 3.1x | Tribe Capital, Innoven Capital, Bertelsmann India Investments |
| December 26, 2017 | Series Billion | $4.2Million | $22.2Million | $4.8Million | 3.7x | Nirvana Ventures Advisors, Beenext, Bertelsmann India Investments Bertelsmann |
| January 8, 2016 | Series A | $7.6Million | $17.3Million | $1.5Million | 7.0x | Bertelsmann India Investments, Recruit Strategic Partners, Nirvana Ventures Advisors, Beenos, 500 Global, Beenext |
| September 27, 2014 | Series A | $2.0Million | - | $570.0K | - | Nirvana Ventures Advisors, 500 Global, Beenos, Recruit Strategic Partners Bertelsmann |
| July 23, 2013 | Seed | $250.0K | $715.0K | - | - | 500 Global, 5ideas, Superfuel Ventures |