Logistics startup ShipEase raises funding from JITO Angel Network, others

Logistics startup ShipEase has raised an undisclosed amount in funding from the JITO Angel Network Investment Arm of JITO Incubation and Innovation Foundation (JIIF), COGNIPHY.US and the Ministry of Electronics and Information Technology (MEITY). 

According to the startup, The raised capital will be utilized to expand the team, improve the technology, and develop new efficient products and brand building.

Focused on making supply chain efficient

ShipEase is a SaaS-based logistics provider helping D2C brands and SME e-tailers optimize their supply chains. The startup offers best-in-class automated shipping services and seamlessly ships to 28000+ pin codes with smart courier allocation.

“We would like to project ourselves as a tech-savvy organization for D2C community and offline brands right from managing the production, inventory control, and supply chain followed by logistics. Supply chain contributes to approx 10% of overall costs & it plays a very vital role in success or failure of any business, with our in-depth expertise in the domain, we help sellers in building a sustainable business," said Pawan Kumar, Founder, ShipEase.

Who are the founders?

ShipEase was founded by a trio of accomplished professionals. Pawan Kumar, the CEO, brings expertise from Xpressbees, Ecom Express, and Delhivery Ltd. Lalit Singh, the CRO, has worked at well-reputed companies like FedEx, Delhivery, and Reliance Industries.

Ajay K, MD & CTO, comes with tech experience working with RBS, Iris Inc., and Aricent. Their collective experience in logistics, e-commerce, and technology drives Shipease's mission to innovate the shipping industry.

What did investors say about ShipEase?

Rajat Mehta, Chairman of the JITO Incubation and Innovation Foundation(JIIF), said, “Logistics play a pivotal role, especially for D2C brands, as managing supply chains is one of the biggest cost heads. For new and emerging brands, building their own supply chains across India is a multi-crore commitment. However, ShipEase’s platform and tech approach can help brands reach their customers faster while keeping logistics costs low.” 

Technology-enabled logistics solution

While timely and safe goods movement for high-value products is a high priority for companies, the startup believes that tech solution features, including real-time tracking, NDR management, returns management, a consultative dashboard, and others, make shipments more secure.

ShipEase said it has designed a technology-enabled logistics solution that provides end-to-end automation for varied delivery requirements.

Serving wide seller base

The startup claims that it is serving a wide seller base of 3,000 clients with a business quantum of over a million shipments per month.

Additionally, It operates on a double-digit positive EBITDA as per Feb’24 trends.

The Supply Chain Management Market was valued at approximately US$ 26.8 billion in 2022. It is anticipated to achieve a valuation of around US$ 62.20 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.1% from 2023 to 2030.