Shiprocket raises $13 mn from Tribe Capital, Innoven Capital, Bertelsmann India Investments

BENGALURU: Logistics aggregator Shiprocket has raised $13 million, led by Tribe Capital, a Silicon Valley-based investment firm, along with Innoven Capital and existing investor Bertelsmann India Investments.

The latest capital infusion has given those of its angel investors who exited nearly 30 times returns in five years, Shiprocket said.

The logistics startup said it will use the funds for its product development roadmap, which includes hiring top talent across the data science and engineering domains, and for its international expansion plans.