Big Foot Retail Solutions Pvt. Ltd backed Logistics start up Shiprocket, raises funds of $180 million (Rs.1, 380 cores) in a Series E fund raising round led by Zomato Ltd, Temasek Holdings and Lightrock India.

The round also witnessed contribution from existing investors Info Edge Ventures and March Capital along with new investors Moore Strategic Ventures and 9Unicorn.

Company says the idea of fundraising is to use the capital funds in development of goods and quality service. Even the funds are used in worldwide growth and providing hyperlocal deliveries with minimal turnaround instances.

Prominent individual investors including Brijesh Agrawal (India MART), Peyush Bansal (Lenskart), Sanil Sachar (Huddle Ventures), Varun Alagh (Mamaearth), Sameer Mehta and Aman Gupta (Boat Electronics) and Ashish Gupta (Helion Ventures) are also contributing to the Series E.

Saahil Goel, CEO and co-founder, Shiprocket says, “The Company is on track to launch its hyper local delivery options which will guarantee low turnaround times and entered the international market last month by launching its services in Saudi Arabia. The startup also plans to “actively" explore mergers and acquisitions for growth.”

Goel adds, “The company’s current annualised run rate is around $90-100 million and monthly active merchant base has gone up to around 75,0000 from 60,000 in July. A sizable chunk of these merchants are D2C brands. Annually, company has an active merchant base of 1,75,000.”
In February this year, the Shiprocket had raised $ 27 million. The fund raising round was co-led by Tribe Capital, a Silicon Valley venture capital along with March Capital Partners. Rahul Mehta of DST Global also participated in the round.

Company was launched in 2017 by Gautam Kapoor, Saahil Goel and Vishesh Khurana, and the start-up’s platform powers the shipping needs of small and medium enterprises, direct-to-consumer retailers, and social commerce sellers.