SaaS-based smart logistics management startup Shipsy, has raised $25 mn in a Series B round co-led by A91 Partners and Z3 Partners along with existing investors Info Edge and Sequoia Capital India’s Surge.
The startup said that fund will use to grow in the Middle East, India and Southeast Asia, while accelerating expansion into new markets such as Europe and the US.
“The funding takes us closer to our goal of becoming the de-facto logistics operating system globally, such that every shipment being delivered, whether to a consumer or to a business, whether domestically or internationally, is powered by Shipsy’s,” said Chokshi, CEO and cofounder.
Shipsy empower organizations handling trade and logistics to accelerate business growth, optimize costs and enhance customer experiences using their smart end-to-end global logistics management platform.
“Shipsy is building a comprehensive customer-first SaaS company servicing a critical need in shipping, freight and the entire global supply chain. Shipsy’s addressable market has quadrupled post-Covid,” Gautam Patel, managing partner, Z3Partners, said.
Shipsy’s AI-powered platform and mobility suite seamlessly connects cross border and local logistics by automating operations and ensuring intelligent 3PL management. Shipsy’s intuitive platform provides complete visibility of first, middle and last-mile operations, unlocks operational efficiency, and leverages real-time analytics to make informed decisions.
“Shipsy’s technology offering enables them to be the single partner of choice for enterprises who are transforming their logistics operations. We look forward to partnering with them as they become a leader in logistics software,” said Kaushik Anand, Partner at A91 Partners.