About Hipship
Hipship is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2013 by Ravikant Sethia, Pawan Kumar Sethia, and Ankit Sethia. Multi-carrier delivery orchestration platform is provided for logistics integration. Hipship has raised $120.96 thousand across 3 funding rounds from investors including Sandhya Krishnan, FasterCapital and Inara Ventures. Its Indian entity Hipship Online Service Private Limited reported revenue of ₹1.72 Cr. Its focus areas include Consumer, Logistics Tech, Parcel and Courier Services. Its competitors include Borzo, FastBeetle and BookMyPacket; 3 of its 3 listed competitors have raised funding.
Company details
Provider of multi-carrier delivery orchestration platform. This platform streamlines logistics by integrating with multiple courier partners, offering a single point of access for booking, tracking, and managing shipments. It provides real-time updates, automated scheduling, and tools for efficient allocation of shipments to optimal carriers based on factors like cost and performance. The platform also includes features for proactive customer communication to reduce failed deliveries and returns. Integration with existing ERP systems is supported, unifying vendor management. Shipping label printing and comprehensive tracking across all carriers are also key functionalities.
- Headquarters Bengaluru, India
- Founders Ravikant Sethia, Pawan Kumar Sethia, Ankit Sethia
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website hipship.com
- Social LinkedIn X Facebook
- Legal Name Hipship Online Service Private Limited
- Date of Incorporation 30 Jan, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.72 Cr
FY 2024 · -49% YoY
- Net Loss-₹27.4 Lakh
FY 2024
- EBITDA-₹3.1 Lakh
FY 2024 · -2% margin
- Total Equity Funding$120.96K (USD)
in 3 rounds
- Latest Funding Round$13.57K (USD), Angel Round
Aug 2019
- InvestorsFasterCapital
& 2 more
Associated legal entities of Hipship
Hipship operates through Hipship Online Service Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hipship Online Service Private Limited CIN U74110KA2015PTC078635 | Active | 30 Jan 2015 | Bangalore, Karnataka | ₹1.7 Cr | 2 | View details |
Funding Insights of Hipship
Hipship has successfully raised a total of $120.96K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $13.57 thousand completed in August 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $120,961
- Total Rounds 3
- Last Round Angel Round — $13,573
- First Round $77,784
(Oct 2015)
- Investors Count 3
All 3 funding rounds of Hipship with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2019 | $13,573 | Angel Round | – | Sandhya Krishnan | – |
| May 2016 | $29,604 | Seed | – | – | |
| Oct 2015 | $77,784 | Seed | – | – |
3 investors in total: 2 institutional and 1 angel.
Investors in Hipship
Hipship has secured backing from 3 investors, including angel and venture fund investors. Prominent investors backing the company include Sandhya Krishnan, FasterCapital and Inara Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture building, startup incubation, and funding services are provided by FasterCapital. | fastercapital.com | |||
Tech focused VC firm investing in seed stage startups in the US | inaraventures.com | San Francisco, United States | ||
SK Sandhya Krishnan | unknown_6547d0c6e247482ca |
Investor details for Hipship
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Hipship Online Service Private Limited (Hipship)
Hipship Online Service Private Limited is the primary company behind Hipship. The board of Hipship Online Service Private Limited currently have 2 directors; the longest-serving is Ankit Sethia, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ankit Sethia DIN 05283226 | Director | 30 Jan 2015 | 11 yrs 9 mo | Hipship Online Service Private Limited |
| Ravikant Sethia DIN 02769848 | Director | 18 Jun 2015 | 11 yrs 4 mo | Hipship Online Service Private Limited |
People of Hipship
3 people are tracked at Hipship (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Hipship
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Hipship
Figures of Hipship Online Service Private Limited, the primary company behind Hipship, for FY 2024. Revenue was ₹1.72 Cr (-49% year on year). Net loss was -₹27.4 Lakh. EBITDA was -₹3.1 Lakh (-2% margin). Revenue has grown at a compounded annual rate of +55% over three years and +21% over five years.
- ₹1.72 CrRevenue · FY 2024 · -49% YoY
- -₹27.4 LakhNet loss
- -₹3.1 LakhEBITDA · -2% margin
- ₹1.3 LakhPaid-up capital
- +55%Revenue CAGR, 3 years
- +21%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hipship Online Service Private Limited are on its company page.
Detailed financial statements for Hipship
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Hipship
3 dated milestones of Hipship across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Hipship is founded.
- Funding First funding round of $78K.
- Funding Latest funding round, Angel Round, of $14K.
Competitors of Hipship
Hipship has 3 listed competitors in our database, 3 of them funded. They include Borzo, FastBeetle and BookMyPacket.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| borzodelivery.com | 2016 | Mumbai, India | $55.05M | 161 | Intra-city courier services are booked via an online marketplace platform. | |
| fastbeetle.com | 2018 | Srinagar, India | $303,067 | Door-to-door parcel and courier delivery services are provided. | ||
| bookmypacket.com | 2013 | Gurugram, India | $123,116 | 2 | Online booking platform for parcel and cargo delivery services |
Detailed competitors of Hipship
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Hipship (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Frequently Asked Questions about Hipship
Hipship was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Hipship is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Hipship is a funded company, having raised a total of $120.96K across 3 funding rounds to date. The company's 1st funding round was a Seed of $77.78K, raised on Oct 2015.
The primary company behind Hipship, Hipship Online Service Private Limited, reported revenue of ₹1.72 Cr for FY 2024, down 49% year on year.
Provider of multi-carrier delivery orchestration platform. This platform streamlines logistics by integrating with multiple courier partners, offering a single point of access for booking, tracking, and managing shipments. It provides real-time updates, automated scheduling, and tools for efficient allocation of shipments to optimal carriers based on factors like cost and performance. The platform also includes features for proactive customer communication to reduce failed deliveries and returns. Integration with existing ERP systems is supported, unifying vendor management. Shipping label printing and comprehensive tracking across all carriers are also key functionalities.
Hipship's top competitors include Borzo, FastBeetle and BookMyPacket.
Hipship has 3 investors. Key investors include Sandhya Krishnan, FasterCapital, and Inara Ventures.
Hipship operates through Hipship Online Service Private Limited.
The legal entities of Hipship currently have 2 directors, including Ankit Sethia, Ravikant Sethia.