Shiprocket has raised $185 million in a funding round led by Zomato, Temasek and Lightrock India. Moore Strategic Ventures and 9unicorns were the new investors that participated in the funding round, and InfoEdge Ventures and March Capital was among the existing investors.

From the total of $185 million funding, $25 million was from the secondary share sale, where its early investors, staff stock option holders, ex-employees and angel investors have sold their share. In the funding round, Zomato invested $75 million, Temasek invested $50 million and Lightrock $40 million. Info Edge Ventures invested $10 million, and Moore Capital invested $5 million. The rest funds have come from different individual investors.

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Shiprockets’s current annualised revenue run-rate is nearly $90 to $100 million, and its monthly active merchant base is over 75,000. A lot of these merchants are D2C brands. Annually, it has an active merchant base of 175,000. Shiprocket plans to use the new funds in product expansion, research and development, talent acquisition and product development. A part of the funds will also be used towards the platform’s new strategic ideas, including hyperlocal delivery services offering and expanding its network globally.