Logistics Startup Locad Raises $11 Mn In Series A Round
Logistics startup Locad has raised $11 million in a Series A funding round led by Reefknot Investments, a fund anchored by Temasek and logistics powerhouse Kuehne & Nagel. Returning investors Sequoia India and Southeast Asia’s Surge, Febe Ventures, Antler, and new investors Access Ventures, JG Summit, and WTI, also participated in […]
LoadShare Raises Rs 300 Cr In Series C Funding Led By Tiger Global
LoadShare, an asset-light logistics platform, has raised Rs 300 crore in a Series C funding round led by Tiger Global. The funding round also saw participation from Filter Capital, 57 Stars, and existing investors CDC Group and Matrix Partners India. Few prominent family offices also participated in the round since […]
Shiprocket Acquires B2B Logistics Aggregator Rocketbox
Shiprocket, a tech-enabled logistics aggregator backed by Zomato, has acquired Rocketbox, a B2B logistics aggregator platform, for an undisclosed amount. The deal will help Shiprocket enhance its infrastructure and expand its product stack for D2C customers and SMEs. Additionally, as part of the deal, the founders of Rocketbox will join […]
Logistics Startup Pickrr Raises $12M In Series B Funding
Pickrr, a SaaS-based logistics startup, has raised $12 million (Rs 85 Crore) in a Series B round led by IIFL, Amicus Capital, and Ananta Capital. The funding round also saw participation from existing investors Omidyar Network India and Guild Capital. As per the startup, it will use the funds to […]
Logistics Platform Shipsy Sets Up Regional Headquarters In Dubai
Gurugram-based digital logistics platform Shipsy has established regional headquarters in Dubai to strengthen its presence in the Gulf Cooperation Council (GCC) countries. The logistics startup plans to help Middle East businesses automate operations and avert pandemic-induced logistics challenges. Shipsy also looks to recruit for leadership and mid-level management roles in […]
Delhi-based AI-Powered Logistics Startup Shyplite Raises $1 Million From N+1 Capital
Delhi-based AI-powered logistics platform Shyplite has raised $1 million from N+1 capital, a revenue-based growth capital firm. As per the startup, it will use the funds to support its expansion plans to enter the new segments like fulfilment centres and hyperlocal deliveries to become an end-to-end logistics player and add […]
Gurugram-Based Logistics Startup Rivigo Witnesses 5% Growth In Revenue In FY20
Rivigo, a Gurugram-based logistics startup, has recorded a 5% increase in its revenue in FY2020. First reported by Inc42, the logistics startup reported a revenue of Rs 1,080 Cr in FY2020 compared to INR 1,028 in FY2019. For the same period, Rivigo’s expenses grew 5% from Rs 1,532 Cr in […]
Logistics Startup ‘Delhivery’ Partners With ‘Volvo Trucks’ For Express Operations
Logistics unicorn Delhivery has joined hands with Volvo Trucks to test and deploy a new transport solution for express operations. With this partnership, they will address the challenges in speedy delivery and cost efficiencies of services. Under this partnership, Volvo’s unique solution of a tractor-trailer combination (Volvo FM420 4×2), that […]