Shiprocket, a logistics and supply chain enabler, is extending its current Series E round by raising Rs 219 crore, or around $26 million. KDT Ventures is leading the round, and SAI Global, Tribe Capital, and MUFG Bank are also involved.

According to its regulatory filing obtained from the Registrar of Companies, the Shiprocket board has voted a special resolution to issue 50,461 Series E3 CCPS at an issue price of Rs 43,394 apiece in order to raise Rs 219 crore.

With an investment of Rs 124.5 crore, KDT Ventures will lead the round. Tribe Capital and MUFG Bank will each contribute Rs 6.23 crore and Rs 49.8 crore. SAI Global India and Huddle Collective would contribute Rs 38 crore and Rs 34.7 lakh, respectively. The money appears to be a component of a larger deal that will include more capital. Fintrackr estimates that the company's post-allotment valuation is around Rs 10,195 crore, or $1.21 billion.

Saahil Goel, Gautam Kapoor, and Vishesh Khurana founded Shiprocket, a logistics and supply chain platform that helps companies expedite delivery with automated solutions, real-time tracking, and courier integration.

Over $320 million has been raised by Shiprocket so far, including $11 million in its most recent round, which was led by McKinsey. This development was initially reported by Entrackr. Bertelsmann Nederland B.V. is the biggest external stakeholder, followed by Tribe, according to a credible startup data intelligence platform TheKredible. Notable investors in Shiprocket include Temasek, Paypal, LightRock, and Zomato.

The company's revenue increased by 21% year over year to Rs 1,316 crore in the fiscal year that ended in March 2024, but its losses for the same period were Rs 595 crore. Along with other companies like Shipyard, it is in competition with Unicommerce, who recently acquired Shipway.