Avendus Capital Advises Shiprocket as It Inks an Agreement for USD 185 mn Series E Funding, Co-Led by Zomato Ltd, Temasek and Lightrock India

We are excited about the vast, untapped opportunity that lies in post-purchase technology enablement in the D2C e-commerce space. Thrilled to welcome all our new partners as we gear up for our next phase of growth. This fundraise is a validation of the hard work put in by the entire Shiprocket team over the last 4 years.

Shiprocket plugs a big hole in the e-commerce space by offering customers of direct-to-consumer brands a seamless post checkout experience, including delivery. We are excited to partner with Saahil and the team at Shiprocket as they march towards creating gamechanging hyperlocal e-commerce infrastructure in the country.

We are thrilled to partner with the team at Shiprocket as they build the logistics and fulfillment operating system that will power the growth of the e-commerce and D2C markets. We believe this to be the critical piece for the transformation of the largest, youngest, fast-growing and most diverse consumer market in the world.

The next stage of India’s e-commerce growth is driven by the D2C revolution. For a fragmented D2C base, faster, cheaper and reliable shipping and fulfillment is no longer a luxury, but a necessity. Shiprocket is leading the digital enablement of logistics and post-purchase solutions for India’s heavily fragmented seller base. With a strong founding team, rapid growth and a profitable business model, Shiprocket is well-positioned to make great strides in D2C enablement and logistics-tech.