Info Edge to back ShipGlobal again at 3X higher valuation

Cross-border logistics startup ShipGlobal is set to raise a pre-Series A round from existing investor InfoEdge Ventures. The funding comes nearly two years after its seed round.

The board at ShipGlobal has passed a special resolution to issue 2,143 pre-Series A preference shares at an issue price of Rs 70,000 each to raise Rs 15 crore, according to its regulatory filing with the Registrar of Companies (RoC).

ShipGlobal will deploy the funds towards capital expenditure, marketing, and general corporate purposes, as per the filing.

According to…