The deal comes about a month after Shiprocket acquired a majority stake in logistics firm Pickrr for USD 200 million in a mix of equity and cash transaction.
In 2021, Shiprocket raised $185 million in a Series E round co-led by Zomato and Singapore's sovereign wealth fund Temasek
Shiprocket and Pickrr cater to India's burgeoning D2C (direct-to-customer) sector, where enterprises book order online and deliver it directly to customers.
The two logistics companies together process 10 million shipments per month with a customer base of over 75,000 merchants including D2C brands, SME e-tailers, and social commerce sellers
Apart from Vedantu and ShipRocket, 9Unicorns has so far invested in startups like Melorra, Reshamandi, Biddano, BluSmart, IGP.com, Faarms, Instoried and GoQii, through its maiden fund.
The Gurugram-based company has invested $5 million in UrbanPiper as part of a larger $24 million round for a 19 percent stake and $15 million in Adonmo to acquire 5 percent stake
The acquisition comes soon after Shiprocket announced its commitment to acquire a majority stake in Delhi-based Wigzo Tech.
Wigzo Tech offers an enterprise automation suite that provides intelligence on customer purchasing behaviour
Last year, logistics aggregator Shiprocket roped in Zomato as an investor.
Shiprocket will use the funding to expand the stack for merchants, focus on faster deliveries through warehousing network, acquisitions besides inorganic expansions
Zomato's sharp growth comes with rising losses and would only push the profitability timeline further
While the Shiprocket funding is part of a $200 million round which the company is raising, Curefit and Magicpin's are standalone equity rounds.
In August, Moneycontrol reported that Ankit Nagori was in talks to raise Rs 100 crore to build a house of food and cloud-kitchen brands.
It will be Zomato's first big-ticket investment after getting listed. The company is expected to diversify its bet in the logistics space with this investment
A part of the funds raised will be utilised towards new strategic initiatives, like global expansion starting with the Middle East.
Dukaan aims to help neighbourhood stores face competition from e-commerce giants such as Amazon and Flipkart. It plans to keep its service free initially but would charge stores if they have ask for services such as GST invoices.
Shiprocket works with courier companies and connects merchants, consumers and supply-chain partners across India and around the world
From selling sarees to pickles to offering online gym classes to virtual comedy shows, small and micro businesses now have a good presence in the cyberspace
The series C funding round also saw participation from existing investor Bertelsmann India Investments.