India, Dec. 28 -- Logistics startup Shiprocket is raising INR 219 Cr (around $26 Mn) in a funding round, which will be led by US-based venture capital (VC) firm KDT Ventures.

The round will also see participation from Japan-based MUFG Bank, Tribe Capital, SAI Global and Huddle Ventures.

As per the startup's Registrar of Companies (RoC) filings accessed by Inc42, Shiprocket's board, on December 17, passed a special resolution to issue 50,461 Series E3 compulsorily convertible preference shares (CCPS) at an issue price of INR 43,394 apiece to the investors.

Of the total, KDT Ventures will invest INR 124.5 Cr in the company. While SAI Global will pump INR 38.09 Cr in the logistics startup, Tribe Capital and Huddle Ventures will invest INR...