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Temasek-backed Shiprocket in talks for fresh funding ahead of listing

VCCircle

VCCircle · 1y ago

Temasek-backed Shiprocket in talks for fresh funding ahead of listing

Shiprocket, a logistics unicorn, backed by Temasek and other investors, is reportedly in talks for fresh funding ahead of its planned IPO. The company is said to be considering an internal round of funding as it progresses towards filing the initial public offering. Shiprocket has garnered support from prominent investors like Info Edge, Lightrock, Bertelsmann India, and Temasek.

Related News

Piramal Alternatives-backed Harmony Organics weighs pre-IPO funding

VCCircle

VCCircle · 6m ago

Piramal Alternatives-backed Harmony Organics weighs pre-IPO funding

Harmony Organics Pvt Ltd, a specialty chemicals manufacturer backed by Piramal Alternatives, is considering raising pre-IPO funding as it prepares for an upcoming public listing. The Pune-based company, which produces aroma chemicals for the fragrance and flavor industries, aims to secure fresh investments to bolster its market position ahead of its initial public offering.

Zomato-backed unicorn Shiprocket dives into fintech arena

The Arc Web

The Arc Web · 1y ago

Zomato-backed unicorn Shiprocket dives into fintech arena

Shiprocket, a software platform catering to small online sellers, is expanding its services and discussing a new round of funding. These new services include international shipping and fintech-based solutions like faster checkout, working-capital loans, and insurance. Shiprocket, valued at $1.2 billion, is in talks with new investors, including sovereign funds, who could set the price for the round. Tribe Capital, the company's top backer, recently purchased $70 million worth of shares in a secondary deal, resulting in substantial unrealized returns. Shiprocket closed FY23 with operating revenues of $131 million and is actively backed by strategic investors like Zomato, PayPal, and Razorpay.

Zomato, Temasek-Backed Shiprocket Pre-Files for IPO with Sebi

StartupTalky

StartupTalky · 3m ago

Zomato, Temasek-Backed Shiprocket Pre-Files for IPO with Sebi

Shiprocket, backed by Zomato and Temasek, has confidentially filed for an IPO with Sebi, aiming to raise INR 2,000-2,500 crore. Established in 2012, Shiprocket serves over 100,000 sellers in India and focuses on rapid commerce, cross-border shipping, and digital payments. Despite a net loss of INR 595 crore in FY24 due to acquisitions, it reported INR 1,316 crore in revenue, reflecting a 21% increase. The firm is collaborating with Swiggy Instamart and Zepto for stock management.

Cross-border shipping, checkout, quick delivery: Shiprocket supercharges new biz

Livemint

Livemint · 10m ago

Cross-border shipping, checkout, quick delivery: Shiprocket supercharges new biz

Logistics aggregator Shiprocket plans to increase investments in its emerging businesses, specifically in the areas of cross-border shipping, checkout, and quick deliveries. These segments already account for a fifth of the company's total revenue, with the aim of driving further growth. Shiprocket, backed by Temasek, is valued at over $1 billion and is set to achieve its first full year of profitability on an adjusted EBITDA level. The company has raised $233 million from various investors and aggregates third-party logistics players to fulfill orders for businesses. Shiprocket aims to continue expanding through organic growth and potential acquisitions.

Logistics firm Shiprocket to raise Rs 2,500 Cr for its IPO

YourStory

YourStory · 3m ago

Logistics firm Shiprocket to raise Rs 2,500 Cr for its IPO

Gurugram-based Shiprocket plans a confidential draft paper filing with SEBI for an IPO to raise Rs 2,000–2,500 crore. The IPO will include a fresh issue and offer for sale by current shareholders. Funds will support product development, tech upgrades, acquisitions, and logistics expansion. Shiprocket, supported by Temasek and Zomato, has evolved from a shipping aggregator to a D2C and small business enabler. Recently, it launched India's first AI-integrated model context protocol server to enhance autonomous digital commerce.

Temasek-backed StarAgri pushes forward with IPO plan, in talks to hire bankers

VCCircle

VCCircle · 1y ago

Temasek-backed StarAgri pushes forward with IPO plan, in talks to hire bankers

StarAgri, backed by Temasek, is moving forward with its plan for an initial public offering (IPO) and is currently in talks with bankers to finalize the process. The company, which is involved in agriwarehousing and collateral management, has attracted investments from Temasek and Investcorp.

Exclusive: Shiprocket converts to public entity ahead of 2025 IPO

Entrackr

Entrackr · 7m ago

Exclusive: Shiprocket converts to public entity ahead of 2025 IPO

Exclusive: Shiprocket converts to public entity ahead of 2025 IPO Logistics and supply chain enabler Shiprocket is gearing up for a definitive initial public offering (IPO) plan in 2025, taking its first major step toward public listing by converting it into a public entity. The board at Shiprocket has approved a resolution to change its status to a public company and rename it from “Shiprocket Private Limited” to “Shiprocket Limited”, as per its regulatory filing. The conversion into the public entity has come a month after raising $26 million in its Series E round led by KDT Ventures, with participation from MUFG Bank, Tribe Capital, and SAI Global. The company will likely raise more capital in its pre-IPO round. Shiprocket reportedly plans to raise between Rs 2,000-2,500 crore through its IPO, which will include both primary components and an offer for sale (OFS). According to media reports, the company has enlisted Axis Capital, Kotak Mahindra, JM Financial, and BofA Securities as its investment bankers for the offering. Founded by Saahil Goel, Gautam Kapoor, and Vishesh Khurana, Shiprocket is a logistics and supply chain platform that enables businesses to streamline shipping through courier integration, real-time tracking, and automated solutions. Shiprocket has raised over $320 million to date and is valued at $1.21 billion. According to the startup data intelligence platform TheKredible, Bertelsmann Nederland B.V is the largest external stakeholder followed by Tribe. Zomato, Temasek, LightRock, and Paypal are other notable investors in Shiprocket. During the fiscal year ending March 2024, the company recorded a 21% year-on-year increase in revenue, reaching Rs 1,316 crore, while its losses stood at Rs 595 crore for the same period. It competes with Unicommerce which recently acquired Shipway, along with other players such as Shipyard.

Orios Venture Partners sells about 3% stake in Country Delight for about Rs 225 crore

Economic Times

Economic Times · 1y ago

Orios Venture Partners sells about 3% stake in Country Delight for about Rs 225 crore

Orios Venture Partners has sold approximately 3% stake in Country Delight, a D2C fresh food brand, for around Rs 225 crore. The stake was sold to Seviora, an asset management group backed by Temasek. Orios had previously invested Rs 15 crore in Country Delight. The company recently raised around $20 million in a funding round led by Temasek, valuing it at approximately $820 million. Orios Venture Partners has also invested in other companies like PharmEasy, Vedantu, and CarDekho.

Shiprocket planning for a ₹2,500-crore IPO in 2025: Report

Inshorts · 8m ago

Shiprocket planning for a ₹2,500-crore IPO in 2025: Report

Zomato and Temasek-backed logistics-tech unicorn Shiprocket is planning to launch an IPO in 2025 to raise ₹2,000-₹2,500 crore, Moneycontrol reported. "Work on the deal has begun...Axis Capital, Kotak Mahindra Capital, JM Financial and BofA Securities are the investment banks acting on the issue," sources cited by the report said.

Online meat startup Captain Fresh raises Rs 100 crore from Motilal Oswal Wealth

Economic Times

Economic Times · 8m ago

Online meat startup Captain Fresh raises Rs 100 crore from Motilal Oswal Wealth

Bengaluru-based online meat and seafood firm Captain Fresh has secured Rs 100 crore in funding from Motilal Oswal Wealth, as it prepares for its planned public listing in 2023. The funding came in the form of 1,002 Series C11 compulsorily convertible preference shares, and following the investment, Motilal Oswal will hold a 2.26% stake in Captain Fresh. The company is currently in talks to appoint bankers for their upcoming IPO. Previously, Captain Fresh raised $48 million in February, led by SBI Investment and Evolvence Capital. Founded in 2019, Captain Fresh operates in the B2B model, supplying meat and seafood to sellers in India and global markets.

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