Shiprocket raises $27 million in an extended Series C funding round

New Delhi: BigFoot Retail Solutions, which operates eCommerce focussed logistics technology firm Shiprocket, has raised $27 million (Rs 200 crore) in an extended Series C round of funding. The round was co-led by returning investor Tribe Capital and new backer March Capital.

The company will use the capital raised in this round to hire people for its product, data, and engineering teams. It will use a part of the infusion to expand globally, it said in a statement.

“We are already power shipping for over 100,000 merchants and have recently launched Shiprocket Fulfilment for extending the existing platform, including storage, pick, pack and dispatch,” Shiprocket founder Saahil Goel said.

Shiprocket (formerly KartRocket) was founded by Goel, Gautam Kapoor, and Vishesh Khurana in 2012. It provides an end-to-end commerce enablement solution that helps offline and online retailers build their omnichannel solutions.

The company claims to currently process more than four million monthly shipments, enabling more than 100,000 sellers to sell directly to their consumers across India. The company also claims to be working with 17 logistics providers and connects merchants, consumers, and supply chain partners across 26,000 pin codes in the country and over 220 countries globally.

The technology-enabled logistics segment has seen a spate of funding deals in recent months.