The funding round also saw participation from A91 Partners, and Info Edge’s Startup Investments Holdings
The fresh round of investment which seems to be the startup’s Series B round comes almost 15 months after it had raised $6 Mn Series A
Shipsy allows businesses to optimise, automate, track, and simplify their ‘end-to-end’ logistics and supply chain operations
Gurugram-based SaaS logistics startup Shipsy is raising around $23.89 Mn in a fresh round of funding led by Z3 Partners. The round has seen participation from A91 Partners, Sequoia’s Surge, and Info Edge’s Startup Investments Holdings.
As per the recent regulatory filings accessed by Inc42, the startup in an extraordinary general meeting held on February 15, 2022 has allotted 4,793 Series B CCPS among these investors.
The fresh round of investment which seems to be the startup’s Series B round comes almost 15 months after it had raised $6 Mn in Series A round. Back then, the round was led by Sequoia Capital India’s Surge. The startup also counts global logistics platform DTDC as its investors.
Founded in 2015 by four IIT alumni – Soham Chokshi, Dhruv Agarwal, Himanshu Gupta, and Sahil Arora – Shipsy through its platform helps enterprises manage their end-to-end logistics across multiple modes and also collaborate more efficiently with their vendors onboarded on the platform.
It allows businesses to optimise, automate, track, and simplify their ‘end-to-end’ logistics and supply chain operations.
The startup counts clients such as B2B ecommerce giant Udaan, foodtech startup Biriyani By Kilo, Tata Steel, Vedanta, JSW Steels, among others.
The startup claims that it has onboarded over 15,000 shippers through its network and have procured over $100 Mn worth freight. On its website, the logistics startup has highlighted that it has over 45 major shipping lines integrated, and has a network of over 50 3rd party logistics companies.
