Shiprocket In Talks To Raise Over $10 Mn From Mckinsey: Report


Shiprocket, a logistics startup backed by Zomato, is in the final stages of securing a strategic funding round of USD 10 million to USD 12 million from McKinsey & Company, according to media reports.

The reports added that this funding will help Shiprocket expand its business with the assistance of McKinsey & Co. The company was previously valued at USD 1.2 billion.

Shiprocket aims to make an official announcement soon. In the past year, Shiprocket raised USD 33.5 million in a funding round led by Lightrock India, which propelled it into the unicorn club. It has also made several acquisitions, including Wigzo, Rocketbox, Glaucus, Pickrr and Omuni. Shiprocket works with 17 courier partners and has raised a total of USD 387 million in funding. However, it reported a net loss of Rs 93.1 crore in FY22.

Categories: Other News

Tags: , ,

Leave a ReplyCancel reply