SHIPROCKET
Unikon AI raises $2 million in funding from Zerodha's Nikhil Kamath, others
Artificial intelligence (AI) company Unikon AI has raised $2 million in a funding round from Zerodha cofounder Nikhil Kamath, Lenskart cofounder Peyush Bansal, Shiprocket cofounder Vishesh Khurana, Noise cofounder Gaurav Khatri, among others. Unikon.AI is the latest venture by Aakash Anand, the founder of the D2C personal care startup Bellavita, which was acquired by Mumbai-based Ananta Capital.
Shiprocket to upskill 100,000 Indian MSMEs through e-commerce learning
The Shiprocket Growth Academy aims to foster a thriving community where sellers can connect, share valuable insights and learn collaboratively.
100Unicorns launches second fund, eyes $200-million target
The fund is looking to support more than 200 startups across sectors like SaaS, direct-to-consumer (D2C), fintech, electric vehicles (EV), energy, defence and healthcare. It aims to announce its first close by November, with a target amount of $100 million.
Paytm app launches auto-rickshaw booking feature via ONDC
Paytm introduces auto-rickshaw booking on its app through ONDC and Namma Yatri for users in NCR, Bengaluru, and Chennai. ONDC tab includes food, groceries, and rides. Pai Platforms facilitates the service with significant mobility transactions.
Shiprocket expands services to boost revenue beyond shipping
Shiprocket, an ecommerce logistics startup, expands revenue streams beyond shipping to include marketing, sourcing, payments, and lending services. Praful Poddar, the chief product officer, outlines the company's revenue sources and growth strategies in detail.
Tribe Capital’s new India investment vehicle to pump another $75 million in Shiprocket
Will back, build and buy out companies in India; focus is on investing in a small cohort of startups and own large stakes in them, says Arjun Sethi, cofounder, Tribe Capital. The Silicon Valley-based firm's umbrella entity in India will be co-owned by Sethi, Shiprocket cofounder Vishesh Khurana and Raj Snehil Juneja, who has been investing in Indian startups.
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Shiprocket's cofounder to lead Tribe Capital's first India fund
Tribe Capital's India AIF, led by Vishesh Khurana, aims for local presence with Raj Snehil Juneja. Zomato linked. Emphasis on local partners, capital. Funding round targets exit for early investors.
World View: Shiprocket’s Saahil Goel on why travel makes him a better entrepreneur
Saahil Goel, MD and CEO, Shiprocket loves to travel; believes it makes him more observant to nuances in products and services across different countries. His only pet peeve: Lengthy, inefficient airport lines
Shiprocket MD & CEO Saahil Goel draws inspiration from Steve Jobs for fashion
Saahil Goel, MD and CEO of Shiprocket, cites Steve Jobs as his fashion inspiration. Emulating Jobs' iconic style, Goel finds motivation in Jobs' minimalist yet impactful approach to fashion. This insight offers a glimpse into Goel's admiration for Jobs beyond his entrepreneurial achievements, highlighting the influence of Jobs' fashion sense on Goel's personal style.
Shiprocket enters into pact with DGFT to help and educate MSME exporters
As the small businesses in India explore the overseas market with the help of e-commerce, logistics firm Shiprocket aims to make the process easier.
Budget 2024: From a one-stop portal to tax breaks, industry wants uplifting measures for MSME exports
MSME exports see business growth can rise with e-commerce and the interim budget can be very helpful in giving the sector a push.
Shiprocket, Truecaller tie up to help sellers make online shopping a seamless experience
Truecaller’s 1-Tap number-based OTP-less verification solution will "expedite the onboarding process for new sellers on the Shiprocket platform, resulting in faster sign-ups and reduced friction," the company said.
Shiprocket, Truecaller collaborate to empower sellers with seamless e-commerce transactions
According to a report by Statista, Mobile commerce in India is projected to reach $46.4 billion in 2023.
Zomato shares rally after management denies Shiprocket acquisition plans
On Thursday, Bloomberg had reported that Zomato has made an offer to acquire Shiprocket, which runs Bigfoot Retail Solutions, by valuing the company at $2 billion. Zomato already owns about a 5% stake following an investment in 2021.
Zomato offers to acquire Shiprocket for $2 billion: report
Zomato has proposed to acquire the company for about $2 billion, the report said, adding that no final decision has been made.
Flipkart’s $1 billion fundraise; Zomato offers to acquire Shiprocket
Ecommerce giant Flipkart is in the middle of closing a $1 billion funding round in which Walmart has committed $600 million. This and more in today’s ETtech Top 5.
Shiprocket introduces revenue-based financing model for SMBs, aims to disburse funds worth Rs 100 crore
In its pilot phase, Shiprocket has already enabled around 150 SMBs with access to vital growth capital and disbursed more than Rs 35 crores via Shiprocket Capital.
Zomato extends profits in Q2; top startup voices at ET Soonicorns Summit
Gurugram-based food delivery company Zomato saw an improved bottomline for Q2 FY24, but even more remarkable was the positive contribution from its quick commerce arm Blinkit. This and more in today’s ETtech Top 5.
Shiprocket’s FY23 operating revenue surges 78% to Rs 1,089 crore; net loss widens nearly 4-fold
Explaining the 3.6-fold increase in its loss, the company said that it acquired two businesses during FY23: retail software-as-a-service (SaaS) platform Omuni, from Arvind Internet, and ecommerce logistics solutions player Pickrr.
From building blueprints to becoming unicorns: BrunchLabs uncovers Shiprocket's run with BII in revolutionising e-commerce logistics
Excerpts from the podcast - "It was a series of things that didn't work.” “Sometimes it's good to suck at something. Because then you overwork to fix it.” “My advice is to think big and do small."
Offline raises $2 million from a clutch of angel investors
Offline, a private members’ community for tech founders and CEOs, has raised $2 million from a clutch of angel investors including Groww’s Lalit Keshre, Razorpay’s Harshil Mathur and Shashank Kumar, among others.
Shiprocket Fulfillment unveils new warehouse facilities in Mumbai, Bangalore, Gurgaon
Shiprocket says that these facilities are capable of bearing up to 1500 kg/sq ft.
Shiprocket partners with Skye Air Unveiling for drone delivery services
The drone deliveries will start with more than five drones in Gurugram.
Shiprocket joins Skye Air for drone delivery service for merchants
Logistics solution provider Shiprocket on Thursday announced its collaboration with Skye Air, a software-as-a-service (SaaS)-based drone delivery solution provider to revolutionise the e-commerce landscape and introduce a capability to deliver shipments via drones in India.
Consumer spending to exceed $4 trillion by 2030, UPI most preferred option: Report
According to the Shiprocket report, the UPI has emerged as the most preferred prepay option in terms of consumer preferences.
Data Protection bill to enable easier cross-border data transfer, act as an enabler for startups: experts
Cofounder and chief executive officer of Shiprocket, Saahil Goel said poor governance around data in other economies sets an example for data governance.
ONDC eyes entry into financial services with credit, insurance products
An ecommerce trends report launched by Shiprocket noted that consumer spending in India is expected to exceed $4 trillion, clocking a compound annual growth rate of 10%.
Shiprocket seller app to facilitate ONDC onboarding, integration for BHARAT's merchants
Shiprocket aims to provide a seamless onboarding and post-support experience to sellers on ONDC.
India’s e-commerce industry will surpass US by 2034; become 2nd largest globally: Survey
India's total merchandise exports continue to cross the $100 billion mark, for the second straight consecutive quarter.
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