India’s SAAS based logistics provider ShipEase has raised $1 million in a pre-series A round led by Inflection Point Ventures (IPV).
The funds raised will be utilized in expanding the team, improving the technology, developing new efficient products, Marketing and brand building.
ShipEase helps D2C brands and SME e-tailers to make their supply chain efficient. The company offers the best-in-class automated shipping services and seamlessly ships to 28000+ pincodes with smart courier allocation.
Founded by a trio of accomplished professionals, ShipEase team has a collective experience in logistics, e-commerce, and technology. Pawan Kumar, the CEO, brings expertise from Xpressbees, Ecom Express, and Delhivery Ltd. Lalit Singh, the CRO, brings expertise from FedEx, Delhivery, and Reliance Industries. Ajay K, MD & CTO comes with tech experience working with RBS, Iris Inc, and Aricent.
Vikram Ramasubramanian, Partner, Inflection Point Ventures, says, “Logistics play a pivotal role specially for D2C brands as managing supply chain is one of the biggest cost heads. For new and emerging brands, to build their own supply chain pan India, is a multi-crore commitment. However, ShipEase’s platform and their tech approach can help brands reach their customers faster while keeping logistics costs low.”
ShipEase’s technology-enabled logistics solution provides end-to-end automation for varied delivery requirements including tracking the products, NDR Management and so on. The cost-effective methods and robust technology position the company as one of the most preferred partners for brands and SMEs.
Pawan Kumar, Founder, ShipEase, says, “We would like to project ourselves as tech savvy organization for D2C community and offline brands right from managing the production, inventory control, supply chain followed by logistics. It has been a phenomenal experience so far with IPV for putting faith in us and believing in our team & vision.”
Few remarkable achievements include:
- ShipEase serves a wide seller base of 2000+ clients with the business quantum of 3.5 Lakhs+ shipments per month.
- The company operates on a double-digit positive EBITDA as per Jul’23 trends.
The company has accomplished this exceptional growth with a very lean team size and in a very short span of time.
The Supply Chain Management Market was valued at approximately US$ 26.8 billion in 2022. It is anticipated to achieve a valuation of around US$ 62.20 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.1% from 2023 to 2030.