Roppen Transportation Services Private Limited announced that it has issued 284,730 series D compulsorily convertible preference shares and 10 common shares for gross proceeds of $180,000,000 led by new investor Bundl Technologies Private Limited on April 15, 2022. The transaction included participation from new investor TVS Motor Company Limited for $14,900,000, existing investors, Westbridge Capital India Advisors Private Limited for $29,800,000, Shell Ventures, and Nexus Venture Partners. As a part of the transaction, Bundl Technologies Private Limited has invested $124,000,000 to own 15% stake.

The round is raised at a post-money valuation of over $830,000,000.