PayPal Ventures, Bertelsmann lead $41.3m funding in Indian logistics startups Shiprocket

PayPal Ventures, Bertelsmann lead $41.3m funding in Indian logistics startups Shiprocket

By stockimages. Freedigitalphotos.net

Logistics aggregator Shiprocket, that enables shipping for direct-to-consumer (D2C) retailers, has raised $41.3 million in Series D1 funding, co-led by PayPal Ventures, the corporate venture capital arm of American payments major PayPal Inc. and existing investor Bertelsmann India Investments.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter