India, May 11 -- Delhi-based ecommerce logistics startup Shiprocket has announced on Monday (May 11) that it has raised $13 Mn in Series C funding. The investment has been led by Tribe Capital LLC, Innoven Capital and existing investor Bertelsmann India Investments.

The company plans to use the fresh funds towards product development roadmap which includes hiring top talent across the data science and engineering domains.

The funds will also be focused on the company's new initiatives including its international expansions. With the new funding, Arjun Sethi from Tribe Capital LLC will join Shiprocket's Board of Directors. With this, the total funding raised by Shiprocket is $26 Mn from investors like Bertelsmann India Investments, Nirva...