MUFG Bank Ltd. has taken a strategic step into India’s e-commerce enablement sector by acquiring a stake in Shiprocket Limited. The investment was part of Shiprocket’s Series E funding extension, which secured ₹219 crore (approximately $26 million).
KDT Ventures led the round, with additional participation from Tribe Capital, SAI Global, and Huddle Collective. This infusion of capital aims to strengthen Shiprocket’s role in providing digital retailers with comprehensive solutions, including logistics, fulfillment, customer engagement, and marketing tools.
MUFG Bank Ltd., a core banking arm of Mitsubishi UFJ Financial Group, is one of Japan’s leading financial institutions with a global footprint. Its investment underscores the growing confidence in India’s rapidly evolving e-commerce infrastructure.
A legal team facilitated the transaction, bringing together expertise across corporate, tax, and competition law to ensure seamless execution.