Shiprocket
Founded Year
2012Stage
Series E - IV | AliveTotal Raised
$357.38MValuation
$0000Last Raised
$26M | 2 mos agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-18 points in the past 30 days
About Shiprocket
Shiprocket develops an eCommerce enablement platform that provides logistics and shipping solutions to digital retailers. The company offers services such as automated shipping, cross-border delivery, and warehousing, as well as tools for customer communication and marketing. Shiprocket primarily serves the eCommerce industry, offering solutions to SMEs, D2C retailers, and social commerce retailers. Shiprocket was formerly known as Bigfoot Retail Solution. It was founded in 2012 and is based in New Delhi, India.
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ESPs containing Shiprocket
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The multi-carrier shipping software market provides solutions for retailers to optimize their shipping process and offer seamless shipping experiences to customers. Technology vendors in this market offer multi-carrier APIs and platforms that allow retailers to access a wide range of carriers in a single integration and UI. Common feature include comparing shipping rates, generating labels, and tr…
Shiprocket named as Challenger among 15 other companies, including Pitney Bowes, QAD, and FourKites.
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Research containing Shiprocket
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Shiprocket in 3 CB Insights research briefs, most recently on Oct 24, 2022.
Oct 24, 2022 report
State of Retail Tech Q3’22 Report
Expert Collections containing Shiprocket
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Shiprocket is included in 4 Expert Collections, including E-Commerce.
E-Commerce
11,142 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Supply Chain & Logistics Tech
4,140 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
1,258 items
Tech IPO Pipeline
257 items
The tech companies we think could hit the public markets next, according to CB Insights data.
Latest Shiprocket News
Dec 31, 2024
Shiprocket, a logistics and supply chain enabler, is extending its current Series E round by raising Rs 219 crore, or around $26 million. KDT Ventures is leading the round, and SAI Global, Tribe Capital, and MUFG Bank are also involved. According to its regulatory filing obtained from the Registrar of Companies, the Shiprocket board has voted a special resolution to issue 50,461 Series E3 CCPS at an issue price of Rs 43,394 apiece in order to raise Rs 219 crore. With an investment of Rs 124.5 crore, KDT Ventures will lead the round. Tribe Capital and MUFG Bank will each contribute Rs 6.23 crore and Rs 49.8 crore. SAI Global India and Huddle Collective would contribute Rs 38 crore and Rs 34.7 lakh, respectively. The money appears to be a component of a larger deal that will include more capital. Fintrackr estimates that the company’s post-allotment valuation is around Rs 10,195 crore, or $1.21 billion. Saahil Goel, Gautam Kapoor, and Vishesh Khurana founded Shiprocket, a logistics and supply chain platform that helps companies expedite delivery with automated solutions, real-time tracking, and courier integration. Over $320 million has been raised by Shiprocket so far, including $11 million in its most recent round, which was led by McKinsey. This development was initially reported by Entrackr. The media reports that Tribe is the second-largest external stakeholder, after Bertelsmann Nederland B.V. Notable investors in Shiprocket include Temasek, Paypal, LightRock, and Zomato. The company’s revenue increased by 21% year over year to Rs 1,316 crore in the fiscal year that ended in March 2024, but its losses for the same period were Rs 595 crore. Along with other companies like Shipyard, it is in competition with Unicommerce, who just purchased Shipway.
Shiprocket Frequently Asked Questions (FAQ)
When was Shiprocket founded?
Shiprocket was founded in 2012.
Where is Shiprocket's headquarters?
Shiprocket's headquarters is located at M.G. Road, Sultanpur, Gadaipur, Mehrauli, New Delhi.
What is Shiprocket's latest funding round?
Shiprocket's latest funding round is Series E - IV.
How much did Shiprocket raise?
Shiprocket raised a total of $357.38M.
Who are the investors of Shiprocket?
Investors of Shiprocket include Tribe Capital, Huddle Collective, KdT Ventures, Bank of Tokyo-Mitsubishi UFJ, Sai Global India and 33 more.
Who are Shiprocket's competitors?
Competitors of Shiprocket include Logistiex, GoKwik, Shadowfax, Rivigo, Ecom Express and 7 more.
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Compare Shiprocket to Competitors
iThink Logistics specializes in logistics solutions, operating within courier aggregation and shipping. The company offers a platform that integrates multiple courier services, providing artificial intelligence (AI) based recommendations for cost-effective and reliable shipping options. It caters primarily to e-commerce businesses, offering features like reduced return-to-origin (RTO) rates, next-day cash on delivery (COD) remittances, full insurance on shipments. The company was founded in 2017 and is based in Mumbai, India.
Xpressbees delivers e-commerce logistics solutions. It provides end-to-end supply chain solutions to its partners. The company offers first- and last-mile delivery and reverse logistics with facilities such as tracking, multiple payment collection, and processing options. It was founded in 2015 and is based in Pune, India. In February 2024, Xpressbees was acquired by Deliver.sg.
Shyplite is a logistics automation and fulfillment platform that provides eCommerce shipping solutions. The company offers a platform that integrates multiple carriers, which allows businesses to manage logistics and shipping. Shyplite serves the eCommerce industry, providing services such as cross-border shipping, automated tracking notifications, and various shipping options. It was founded in 2016 and is based in New Delhi, India.
DTDC is an integrated express logistics provider operating in the logistics and courier industry. The company offers a wide range of services including express parcel delivery, international shipments, and integrated e-commerce logistics solutions. DTDC primarily serves the e-commerce industry, along with both B2B and C2C customers. It is based in Bangalore, India.
Eshopbox is a full-stack ecommerce growth platform that specializes in logistics and fulfilment solutions within the ecommerce industry. The company offers an all-in-one distribution platform that integrates with multiple sales channels for inventory management, order processing, and shipping, aiming to accelerate sales and enhance customer satisfaction. Eshopbox primarily serves businesses looking to optimize their ecommerce operations across various platforms such as Shopify, Amazon, and Flipkart. It was founded in 2012 and is based in Gurugram, India.
LetsTransport provides logistics solutions. It focuses on last-mile delivery within the urban logistics sector. The company aggregates light commercial vehicles to offer logistics services, including customized solutions for intra-state deliveries. LetsTransport primarily serves enterprises in sectors such as organized retail, FMCG, e-commerce, distribution, and third-party logistics. It was founded in 2015 and is based in Bengaluru, India.
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