BENGALURU: E-commerce logistics company Shiprocket on Friday announced a $185 million funding round co-led by Zomato , Temasek and Lightrock India. He said this personal investment was one of the key reasons Zomato got closer to Shiprocket and its founders, and that’s "how we discovered that there’s potential long term strategic fit between the two companies." He said they may continue to follow this strategy of personal investments followed by company investments.Goyal also chided Pai for marking his tweet to Sanjeev Bikhchandani, founder of Info Edge , an early investor in Zomato, instead of to him.Shriram Subramanian, founder of InGovern Research Services, a corporate governance analysis firm, wasn't fully convinced by Goyal's response. He told TOI that Zomato "should have been forthcoming on the quantum of the investment into Shiprocket by Deepinder Goyal and the company, and whether Goyal recused himself from the board when it decided to invest into Shiprocket. "Launched in 2017, Shiprocket is creating a seamless logistics data platform that connects retailers, carriers, and consumers across national and international locations.

Source: The Times December 11, 2021 03:42 UTC