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ShipEase Founders (L-R) Ajay K, Pawan Kumar, and Lalit Singh
Logistics startup ShipEase has raised $1 million in a pre-Series A funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm.
According to the startup, The raised proceeds will be utilized to expand the team, improve the technology, and develop new efficient products and brand building.
ShipEase was founded by Pawan Kumar, the CEO, who brings expertise from Xpressbees, Ecom Express, and Delhivery Ltd, Lalit Singh, the CRO, has worked at well-reputed companies like FedEx, Delhivery, and Reliance Industries, and Ajay K, MD & CTO, comes with tech experience working with RBS, Iris Inc., and Aricent.
ShipEase is a SaaS-based logistics provider helping D2C brands and SME e-tailers to make their supply chain efficient. The startup offers automated shipping services and seamlessly ships to 28,000+ pin codes with smart courier allocation.
Vikram Ramasubramanian, Partner, Inflection Point Ventures, said, “Logistics play a pivotal role specially for D2C brands as managing supply chain is one of the biggest cost heads. For new and emerging brands, to build their own supply chain pan India, is a multi-crore commitment. However, ShipEase’s platform and their tech approach can help brands reach their customers faster while keeping logistics costs low.”
Pawan Kumar, Founder of ShipEase, said, “We would like to project ourselves as a savvy organization for D2C community and offline brands right from managing the production, inventory control, supply chain followed by logistics. It has been a phenomenal experience so far with IPV for putting faith in us and believing in our team & vision.”
ShipEase claims to have a wide seller base of 2000+ clients with a business quantum of 3.5 Lakhs+ shipments per month.
The Supply Chain Management Market was valued at approximately US$ 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.
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