ShipEase is a SAAS based logistics provider helping D2C brands and SME e-tailers in making their supply chain efficient.
The funds raised will be utilized in team expansion, tech improvisation, new product development, Marketing and Brand building.
Inflection Point Ventures (IPV) has so far invested over INR 600 Cr across 190+ deals.
August 31, 2023, Gurugram: ShipEase, India’s most efficient logistics company, has raised $1 million in a pre-Series A round led by Inflection Point Ventures. The funds raised will be used to expand the team, improve the technology, develop new efficient products, and build brands.
ShipEase is a SAAS-based logistics provider helping D2C brands and SME e-tailers make their supply chains efficient. The company offers best-in-class automated shipping services and seamlessly ships to 28000+ pincodes with smart courier allocation.
ShipEase was founded by a trio of accomplished professionals. Pawan Kumar, the CEO, brings expertise from Xpressbees, Ecom Express, and Delhivery Ltd. Lalit Singh, the CRO, has worked at well-reputed companies like FedEx, Delhivery, and Reliance Industries. Ajay K., MD & CTO, comes with tech experience working with RBS, Iris Inc., and Aricent. Their collective experience in logistics, e-commerce, and technology drives Shipease’s mission to innovate the shipping industry.
Vikram Ramasubramanian, Partner, Inflection Point Ventures, says, “Logistics play a pivotal role, especially for D2C brands, as managing the supply chain is one of the biggest cost heads. For new and emerging brands, building their own supply chain across 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.”
While timely and safe goods movement for high-value products is a high priority for companies, what makes the shipments more secure are tech solution features, including tracking the products, NDR management, and so on. ShipEase has successfully designed a technology-enabled logistics solution that provides end-to-end automation for varied delivery requirements. ShipEase’s domain-expert founding team, 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 a tech-savvy organisation for the D2C community and offline brands, right from managing the production, inventory control, and 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 and vision.”
A few noteworthy achievements in its journey so far:
ShipEase serves a wide seller base of 2000+ clients with a business quantum of 3.5 lakh+ shipments per month. Also, the company operates on a double-digit positive EBITDA as per July 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.
Also read: How I use GenAI tools as a CTO?
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