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logistics

A smiling man wearing a black polo shirt with the Shiprocket logo, against a red background with a graph and financial icons, including a money bag, coins, and an upward-pointing arrow, symbolizing growth and success. The Shiprocket logo is visible in the upper-right corner.

Shiprocket Secures $26 Million in Series E Extension

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E-Studio

Logistics SaaS leader Shiprocket has secured $26 million in a Series E funding extension, valuing the firm at $1.21 billion. With notable investors like KDT Ventures and MUFG Bank onboard, the funds are set to propel technology upgrades and market expansion, although profitability remains a key challenge.