Shiprocket raises $13 million led by Tribe Capital

Date posted: Tuesday 26 May 2020

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. Tribe Capital was founded by former executives of Chamath Palihapitiya’s Social Capital. The logistics startup said it will use the funds for product development roadmap which includes hiring top talent across the data science and engineering domains, besides aiding its international expansion plans.

(ET Tech)