Logistics firm ShipEase Secures $1M in Pre-Series A Funding Round Led by Inflection Point Ventures
ShipEase, recognized as India’s foremost efficient logistics firm, has successfully raised $1 million in a pre-Series A funding round with Inflection Point Ventures as the lead investor. The capital infusion will be utilized to expand the team, enhance technological capabilities, introduce novel efficient products, and foster brand development. ShipEase operates as a SAAS-based logistics provider, catering to the needs of D2C brands and SME e-tailers seeking to streamline their supply chains. The company stands out for offering cutting-edge automated shipping services, ensuring seamless deliveries to over 28,000 pincodes through intelligent courier allocation.
The visionary trio behind ShipEase includes accomplished professionals in the field. Pawan Kumar, the CEO, brings with him insights garnered from esteemed entities like Xpressbees, Ecom Express, and Delhivery Ltd. Lalit Singh, the CRO, boasts a successful track record at renowned companies such as FedEx, Delhivery, and Reliance Industries. Ajay K., MD & CTO, contributes his tech expertise gained from roles at RBS, Iris Inc., and Aricent. Leveraging their combined proficiencies in logistics, e-commerce, and technology, ShipEase strives to revolutionize the shipping landscape.
Vikram Ramasubramanian, Partner at Inflection Point Ventures, remarks, “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.”
Amidst the imperative of timely and secure product deliveries, the inclusion of tech features, including product tracking and NDR management, elevates shipment security. ShipEase has ingeniously developed a technology-driven logistics solution that automates the entire spectrum of delivery requirements. With a team comprising domain experts, cost-effective strategies, and robust technology, ShipEase positions itself as a preferred partner for both brands and SMEs. Founder of ShipEase, Pawan Kumar, expresses, “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.”
ShipEase serves an extensive network of over 2000 clients, overseeing a significant volume of 3.5 lakh+ shipments per month. Impressively, the company maintains a double-digit positive EBITDA based on trends up to July 23. This remarkable growth has been achieved with a lean team and within a notably short timeframe. The valuation of the supply chain management market reached approximately US$26.8 billion in 2022. With an anticipated valuation of around US$62.20 billion by 2030, the market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 11.1% from 2023 to 2030.
The visionary trio behind ShipEase includes accomplished professionals in the field. Pawan Kumar, the CEO, brings with him insights garnered from esteemed entities like Xpressbees, Ecom Express, and Delhivery Ltd. Lalit Singh, the CRO, boasts a successful track record at renowned companies such as FedEx, Delhivery, and Reliance Industries. Ajay K., MD & CTO, contributes his tech expertise gained from roles at RBS, Iris Inc., and Aricent. Leveraging their combined proficiencies in logistics, e-commerce, and technology, ShipEase strives to revolutionize the shipping landscape.
Vikram Ramasubramanian, Partner at Inflection Point Ventures, remarks, “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.”
Amidst the imperative of timely and secure product deliveries, the inclusion of tech features, including product tracking and NDR management, elevates shipment security. ShipEase has ingeniously developed a technology-driven logistics solution that automates the entire spectrum of delivery requirements. With a team comprising domain experts, cost-effective strategies, and robust technology, ShipEase positions itself as a preferred partner for both brands and SMEs. Founder of ShipEase, Pawan Kumar, expresses, “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.”
ShipEase serves an extensive network of over 2000 clients, overseeing a significant volume of 3.5 lakh+ shipments per month. Impressively, the company maintains a double-digit positive EBITDA based on trends up to July 23. This remarkable growth has been achieved with a lean team and within a notably short timeframe. The valuation of the supply chain management market reached approximately US$26.8 billion in 2022. With an anticipated valuation of around US$62.20 billion by 2030, the market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 11.1% from 2023 to 2030.
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