Startup news and updates: daily roundup (Feb 18, 2021) –

Shiprocket raises $27M in Series C from Tribe Capital and March Capital

Shiprocket, a tech-enabled logistics aggregator for D2C sellers, has announced on Thursday that it has raised $27 million (INR 200 Crore) in Series C3 funding round. The round was co-led by Tribe Capital, a leading Silicon Valley-based venture capital firm, along with March Capital, a Santa Monica-based venture growth firm. Rahul Mehta of DST Global also participated in the round along with existing investor Bertelsmann India Investments.


Team at Shiprocket

Tech firm OutSystems raises $150M investment at $9.5B valuation

Tech firm OutSystems on Wednesday said it has raised $ 150 million (about Rs 1,092 crore) capital, co-led by Abdiel Capital and Tiger Global, valuing the company at $ 9.5 billion. The funding will be used to expand investments in its R&D and GTM (go-to-market) strategy, a statement said. Founded in Portugal in 2001, OutSystems’ modern application platform tools help developers rapidly build and deploy a full range of applications.

VOGO raises $11.5M to focus on growth and EV expansion

VOGO, a Bengaluru-based tech-enabled self-ride two-wheeler rental service startup, on Thursday announced it has raised $11.5 million capital as an extension of Series C round, from its existing investors including Lightrock, Kalaari, Matrix Partners, and Stellaris Venture Partners. Founded in 2016 by the alumni of IITs and IIMs — Anand Ayyadurai, Padmanabhan Balakrishnan, and Sanchit Mittal — VOGO is a personal mobility solution provider that offers two-wheeler rides to daily commuters. 


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