SaaS logistics platform Shiprocket has reportedly raised close to $11 million in an extended Series E funding round led by McKinsey through its investment arm AFOS LLC.
According to an Entrackr report, The investment will convert AFOS LLC's stake to 0.91% in the company.
In August 2022, Shiprocket turned unicorn after raising around $32 million in funding from existing investors, such as Singapore's Temasek and Lightrock India, at a valuation of approximately $1.2-1.3 billion.
Shiprocket provides logistics and supply chain solutions to retailers and allows them to integrate their shopping websites across e-commerce enablers such as Shopify, Magenta, and others.
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