About ShipBob
ShipBob is a company based in Chicago (United States) founded in 2014 by Dhruv Saxena, Jivko Bojinov, and Divey Gulati.. ShipBob has raised $332.7 million across 8 funding rounds from investors including SVB, Wefunder and SoftBank Group. The company has 355 employees as of April 06, 2024. ShipBob operates in a competitive market with competitors including Shiprocket, Shippo, Digimarc, BILT and Unicommerce, among others.
- Headquarter Chicago, United States
- Employees 355 as on 06 Apr, 2024
- Founders Dhruv Saxena, Jivko Bojinov, Divey Gulati
- Stage Unicorn
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Sectors
TechnologyTransportation, Automotive & Logistics Retail
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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 Shipbob India Private Limited
- Date of Incorporation 06 Jan, 2021
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$7.91 M (USD)155.24as on Mar 31, 2023
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Net Profit
$791.43 K (USD)148.84as on Mar 31, 2023
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EBITDA
$1.31 M (USD)156.66as on Mar 31, 2023
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Total Equity Funding
$332.7 M (USD)
in 8 rounds
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Latest Funding Round
$200 M (USD), Series E
Jun 29, 2021
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Investors
SVB
& 12 more
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Employee Count
355
as on Apr 06, 2024
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Software Development Team
92 people
Senior Team
31 people
Human Resources and Administration
27 people
Sales and Marketing
27 people
Operations Team
21 people
Leadership Team
17 people
Manager Team
12 people
Merchant Team
8 people
Unlock access to complete
Funding Insights of ShipBob
ShipBob has successfully raised a total of $332.7M across 8 strategic funding rounds. The most recent funding activity was a Series E round of $200 million completed in June 2021. 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 8
- Last Round Series E — $200.0M
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First Round
First Round
(01 Jun 2014)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series E - ShipBob | Valuation | Bain Capital Ventures | |
| Sep, 2020 | Amount | Series D - ShipBob | Valuation | SoftBank Vision Fund | |
| Sep, 2018 | Amount | Series C - ShipBob | Valuation | Menlo Ventures |
| 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 ShipBob
ShipBob has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, Wefunder and SoftBank Group. 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 capital fund focused on investing in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested in Midwest technology startups.
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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 ShipBob
| 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 - ShipBob
| 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 |
Shipbob Comparisons
Competitors of ShipBob
ShipBob 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 Shiprocket, Shippo, Digimarc, BILT and Unicommerce, 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 |
E-commerce tools for shipping, marketing, and financial services are provided.
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| domain | founded_year | HQ Location |
Web-based shipping solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Anti-counterfeiting barcode solutions are supplied to brands and retailers.
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| domain | founded_year | HQ Location |
Developer of an app providing 3D assembly instructions for consumer goods
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| domain | founded_year | HQ Location |
Provider of e-commerce enablement platform automating order processing, inventory, warehouse, and shipping
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Shipbob
Frequently Asked Questions about ShipBob
When was ShipBob founded?
ShipBob was founded in 2014.
Where is ShipBob located?
ShipBob is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of ShipBob?
Dhruv Saxena is the current CEO of ShipBob. They have also founded this company.
Is ShipBob a funded company?
ShipBob is a funded company, having raised a total of $332.7M across 8 funding rounds to date. The company's 1st funding round was a Series C of $40M, raised on Jun 01, 2014.
How many employees does ShipBob have?
As of Apr 06, 2024, the latest employee count at ShipBob is 355.
What is the annual revenue of ShipBob?
Annual revenue of ShipBob is $7.91M as on Mar 31, 2023.
What does ShipBob do?
Founded in 2014 and headquartered in Chicago, United States, ShipBob operates in the e-commerce logistics sector. A proprietary software platform is utilized across a network of warehouses where orders are routed automatically, inventory is managed, items are picked and packed, and shipments are delivered to customers. Services encompass warehousing, custom packaging, returns processing, and software tools for order consolidation, inventory tracking, customer notifications, and data analytics.
Who are the top competitors of ShipBob?
ShipBob's top competitors include Shiprocket, Shippo and BILT.
Who are ShipBob's investors?
ShipBob has 13 investors. Key investors include SVB, Wefunder, SoftBank Group, FundersClub, and Recruit Holdings.
What is ShipBob's valuation?
The valuation of ShipBob is $1B as of Jun 2021.
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