Monday, May 23, 2022
HomeInsightFunding Alert Shiprocket invests $1.5 mn in SaaS platform Logibricks

[Funding alert] Shiprocket invests $1.5 mn in SaaS platform Logibricks

SaaS platform Logibricks
SaaS platform Logibricks

Logistics-tech platform Shiprocket has invested $1.5 million in Logibricks, a SaaS platform that enables online retailers to manage their end-to-end operations.

SaaS platform Logibricks was founded by Karan Kabra, Aditya Kulkarni, Chandni Priya & Ameya Shah in 2017.

“Since inception, we have pivoted the business model twice. We are currently rebuilding our tech stack for scalability and higher performance, making Logibricks a complete SaaS platform. Logibricks is committed to solving the issue of retailers having to seek multiple platforms to run their business. Through our full stack solution, we integrate with other ecosystem partners to ensure a hassle-free experience for retailers and their end customers. We are delighted to be backed by Shiprocket, a frontrunner in the logistics and fulfillment space. We look forward to using the funds to achieve our goals and reach greater heights,” Karan Kabra, Co-founder of Logibricks, said.

SaaS platform Logibricks will be using the freshly infused capital to revamp the current product and launch its upgraded platform by April 2022. The funding will also be directed towards talent acquisition and product innovation.

“Logibricks is a full-stack solution to ensure that online retailers can avail multiple services under a single umbrella. This is united with Shiprocket’s mission to provide simple solutions to online sellers, and the firm believes that Logibricks’ innovative tech-led solution will allow it to scale and bolster its infrastructure further.” Saahil Goel, cofounder and CEO of Shiprocket said.

SaaS platform Logibricks is aiming to introduce integrated seller onboarding and product cataloging for marketplaces, alongside improving consumer analytics and engagement to help sellers increase their sales.

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