A $1 million Pre-Series A Round led by Inflection Point Ventures has been raised for the logistics company ShipEase.
The money raised will go towards growing the team, upgrading the technology, creating new, effective products, and establishing a strong brand.
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SAAS-based logistics company called ShipEase helps D2C companies and SME e-tailers optimize their supply chains. The business provides industry-leading automated shipping services and efficiently delivers packages to more than 28000 pin codes using intelligent courier scheduling.
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.””
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While corporations place high importance on the timely and safe transit of high-value commodities, tech solution features like product tracking, NDR Management, and other things make the shipments more secure. A technology-enabled logistics system that offers end-to-end automation for various delivery requirements has been successfully created by ShipEase. With a founding team that includes industry experts, efficient business practices, and reliable technology, ShipEase is one of the brands’ and SMEs’ most desired partners.
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.”
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With 3.5 Lakh+ shipments each month in its company, ShipEase serves a large vendor base. Additionally, the company’s EBITDA is double-digit positive. With a tiny team and a short amount of time, the company has achieved this amazing growth as per reported by indianweb2.com
About ShipEase
Shipease Pvt Ltd is India’s most efficient logistics company, which offers you the best-in-class automated shipping services. Now seamlessly ship to 26,000+ pin codes with smart courier allocation offered by us. Ship with Ease !!
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