How Shiprocket is disrupting the logistics industry with technology

THE JOURNEY OF SHIPROCKET

In 2014, Saahil Goel and Gautam Kapoor founded Shiprocket, an e-commerce platform that enabled small businesses to set up online stores.

In 2016, launched Shiprocket, a logistics platform that allowed online sellers to ship their products to customers across India.

In 2017, Shiprocket raised $7 million in a funding round led by Nirvana Venture Advisors, with participation from existing investors including 500 Startups, Beenext, and Singapore Post.

In 2018, Shiprocket launched its own last-mile delivery service, Shiprocket Fulfillment, to help online sellers with storage and order fulfillment.

In 2019, Shiprocket raised $13 million in a funding round led by Tribe Capital, with participation from Innoven Capital, Bertelsmann India Investments, and existing investors.

In 2020, Shiprocket raised $27 million in a Series C funding round led by Tribe Capital and March Capital, with participation from existing investors.

In 2021, Shiprocket acquired its logistics and warehousing partner, QuickDel Logistics, to strengthen its logistics infrastructure and expand its services.

Also in 2021, Shiprocket raised $62 million in a funding round led by SoftBank Vision Fund 2, with participation from existing investors.

As of 2023, Shiprocket continues to expand its offerings and reach, and has become one of the leading logistics platforms for online sellers in India.

It’s worth noting that the timeline above is a rough approximation and some details may vary depending on the source of information.

Stats of Shiprocket as of 2023:

  1. Shiprocket has over 100,000 active sellers on its platform, who use its logistics and fulfillment services to ship their products to customers across India.
  2. The company ships over 5 million packages per month, making it one of the largest logistics platforms for e-commerce in India.
  3. Shiprocket has partnerships with over 17 courier partners, including leading providers such as FedEx, Delhivery, and Blue Dart.
  4. The company’s last-mile delivery service, Shiprocket Fulfillment, operates across 12 fulfillment centers in India and has the capacity to store over 3 million products.
  5. Shiprocket has raised over $109 million in funding from investors including SoftBank Vision Fund 2, Tribe Capital, March Capital, Nirvana Venture Advisors, and Bertelsmann India Investments.
  6. Shiprocket was ranked #20 on the 2020 Deloitte Technology Fast 50 India list, which recognizes the fastest-growing technology companies in India.
  7. Shiprocket was also named the Logistics Platform of the Year at the 2021 Indian Retail and eRetail Awards.

These statistics are based on public information available and may change over time.