Friday, 24 March, 2023

Shiprocket raises $41.3 mn from various ventures

<p>Logistics firm Shiprocket has raised $41.3 million ( ₹305 crore) in series D funding from Paypal, Info Edge Venture, and Temasek Holdings. The funds will be utilised for product expansion, R&amp;D and talent acquisition. Shiprocket&rsquo;s offerings has included using machine learning algorithms to accurately predict delivery dates. These algorithms will also help merchants seamlessly choose across various courier partners etc.<br /> &nbsp;</p> <p>&nbsp;</p>