Soumya Duggal

In the coming years, Shiprocket intends to grow its tech offering, fulfillment and warehousing and expand internationally

The country's logistics costs current stand at 14 per cent of the GDP

The sector is increasingly growing conscious of the importance of shifting from a digital-only model to a hybrid one, composed of both online and offline stores

The funds will be utilised to build product and expand the team

The fundraise represents a bridge round in the ongoing pre-Series A round.

The fresh capital will be used to build blockchain technology to help independent artists supercharge their career powered by fan communities