Logistics SaaS unicorn Shiprocket to raise $26 Mn

Shiprocket, a leading logistics SaaS (Software as a Service) provider, is set to raise $26 million in its latest funding round. The company has achieved unicorn status with a valuation of over $1 billion, driven by its strong growth in the logistics sector. Shiprocket’s platform helps e-commerce businesses streamline their logistics, offering services like automated shipping, order tracking, and returns management. The new funding will enable Shiprocket to scale its operations, enhance its technology, and expand its customer base further across India and internationally. The company’s success reflects the rising demand for logistics solutions tailored to e-commerce businesses.