About Shippit
Shippit is a company based in Sydney (Australia) founded in 2014 by William On and Rob Hango-Zada.. Shippit has raised $76.11 million across 6 funding rounds from investors including RTL, Aura and Tiger Global. Shippit has completed 2 acquisitions, including Luwjistik and Shippit. Shippit offers products and services including Multi-Carrier Shipping, Fleet Management, and Data Insights. Shippit operates in a competitive market with competitors including Janio, Parcellab, Fluent Commerce, AllSome Track and Bigblue, among others.
- Headquarter Sydney, Australia
- Founders William On, Rob Hango-Zada
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Sectors
Transportation, Automotive & LogisticsRetail
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Phone
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Website
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Social
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Products & Services of Shippit
Shippit offers a comprehensive portfolio of products and services, including Multi-Carrier Shipping, Fleet Management, and Data Insights. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages multiple carriers for efficient ecommerce deliveries and cost optimization
Digitizes fleet operations for real-time route optimization and tracking
Provides data-based recommendations for shipping decisions and performance
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Funding Insights of Shippit
Shippit has successfully raised a total of $76.11M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $48 million completed in May 2022. 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 6
- Last Round Series B — $48.0M
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First Round
First Round
(02 Sep 2015)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series B - Shippit | Valuation | Tiger Global Management , Tidal | |
| Dec, 2020 | Amount | Series B - Shippit | Valuation | Tiger Global Management | |
| Dec, 2019 | Amount | Series A - Shippit | Valuation | Tidal , Aura 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 |
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Investors in Shippit
Shippit has secured backing from 12 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include RTL, Aura and Tiger Global. 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 and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Early-stage tech startups are supported through venture capital investments.
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Founded Year | Domain | Location | |
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Tech companies are targeted for investments by SecondQuarter Ventures.
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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 Shippit
Shippit has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Luwjistik and Shippit. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Offers a web-based networking platform connecting logistics partners
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2021 | ||||
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Predictive analytics software is utilized for last-mile delivery optimization.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Shippit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Shippit Comparisons
Competitors of Shippit
Shippit 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 Janio, Parcellab, Fluent Commerce, AllSome Track and Bigblue, 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 |
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| domain | founded_year | HQ Location |
End-to-end logistics delivery management solutions are provided.
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Connects online merchants with their customers
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| domain | founded_year | HQ Location |
Cloud-based back-end solutions for omnichannel retail management are provided.
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| domain | founded_year | HQ Location |
Platform for tracking delivery status of different courier service providers
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| domain | founded_year | HQ Location |
Shipping solutions for online sellers are automated by Bigblue.
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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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Latest news on Shippit
Frequently Asked Questions about Shippit
When was Shippit founded?
Shippit was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Shippit located?
Shippit is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of Shippit?
William On is the current CEO of Shippit. They have also founded this company.
Is Shippit a funded company?
Shippit is a funded company, having raised a total of $76.11M across 6 funding rounds to date. The company's 1st funding round was a Series A of $5.35M, raised on Sep 02, 2015.
What does Shippit do?
Shippit was founded in 2014 in Sydney, Australia, as a provider of order fulfillment solutions within the logistics sector. Services include shipping decision support, multi-courier booking, label generation, quote retrieval, centralized order tracking, email and SMS notifications, and return management. Operations are conducted on a subscription basis, enabling businesses to handle deliveries efficiently across various options.
Who are the top competitors of Shippit?
Shippit's top competitors include Parcellab, Janio and Fluent Commerce.
What products or services does Shippit offer?
Shippit offers Multi-Carrier Shipping, Fleet Management, and Data Insights.
How many acquisitions has Shippit made?
Who are Shippit's investors?
Shippit has 12 investors. Key investors include RTL, Aura, Tiger Global, Tidal Ventures, and SecondQuarter.
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