About Hipship
Hipship is a company based in Bengaluru (India) founded in 2013 by Ravikant Sethia, Pawan Kumar Sethia, and Ankit Sethia.. Hipship has raised $120.96 thousand across 3 funding rounds from investors including Sandhya Krishnan, FasterCapital and Inara Ventures. Hipship operates in a competitive market with competitors including Borzo, FastBeetle, BookMyPacket, Sendd and Coreyo, among others.
- Headquarter Bengaluru, India
- Founders Ravikant Sethia, Pawan Kumar Sethia, Ankit Sethia
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Hipship Online Service Private Limited
- Date of Incorporation 30 Jan, 2015
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$406.75 K (USD)182.28as on Mar 31, 2023
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Net Profit
$15.42 K (USD)-20.39as on Mar 31, 2023
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EBITDA
$16.58 K (USD)-25.45as on Mar 31, 2023
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Total Equity Funding
$120.96 K (USD)
in 3 rounds
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Latest Funding Round
$13.57 K (USD), Angel Round
Aug 09, 2019
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Investors
FasterCapital
& 2 more
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Employee Count
Employee Count
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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 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 Total Funding
- Total Rounds 3
- Last Round Angel Round — $13,573
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First Round
First Round
(10 Oct 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Angel Round - Hipship | Valuation | Sandhya Krishnan |
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| May, 2016 | Amount | Seed - Hipship | Valuation |
investors |
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| Oct, 2015 | Amount | Seed - Hipship | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture building, startup incubation, and funding services are provided by FasterCapital.
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Founded Year | Domain | Location | |
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Tech focused VC firm investing in seed stage startups in the US
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Founded Year | Domain | Location | |
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SK
Sandhya Krishnan |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hipship
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hipship
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hipship Comparisons
Competitors of Hipship
Hipship operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Borzo, FastBeetle, BookMyPacket, Sendd and Coreyo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Intra-city courier services are booked via an online marketplace platform.
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| domain | founded_year | HQ Location |
Door-to-door parcel and courier delivery services are provided.
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| domain | founded_year | HQ Location |
Online booking platform for parcel and cargo delivery services
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| domain | founded_year | HQ Location |
International goods shipping is enabled via a mobile-first marketplace.
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| domain | founded_year | HQ Location |
Courier services are facilitated via an app-based marketplace platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Hipship
When was Hipship founded?
Hipship was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Hipship located?
Hipship is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Hipship a funded company?
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 10, 2015.
What is the annual revenue of Hipship?
Annual revenue of Hipship is $406.75K as on Mar 31, 2023.
What does Hipship do?
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.
Who are the top competitors of Hipship?
Hipship's top competitors include Borzo, FastBeetle and Coreyo.
Who are Hipship's investors?
Hipship has 3 investors. Key investors include Sandhya Krishnan, FasterCapital, and Inara Ventures.