About ShipsKart
ShipsKart is a company based in Delhi (India) founded in 2017 by Vivek Sahi, Sunny Bagla, and Dhruv Sawhney.. ShipsKart has raised $3.03 million across 4 funding rounds from investors including TMV, HCS Offshore and Tradeworks.vc. The company has 66 employees as of March 27, 2024. ShipsKart operates in a competitive market with competitors including Orion Marine Concepts, Ship Stores and Spares, Ship Hub, Spares Pazari and Maritime Vendors, among others.
- Headquarter Delhi, India
- Employees 66 as on 27 Mar, 2024
- Founders Vivek Sahi, Sunny Bagla, Dhruv Sawhney
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsRetail
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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 Shipskart Marine Private Limited
- Date of Incorporation 03 Feb, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$6.35 M (USD)117.64as on Mar 31, 2023
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Net Profit
$-86.81 K (USD)-148.59as on Mar 31, 2023
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EBITDA
$-114.07 K (USD)-228.86as on Mar 31, 2023
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Total Equity Funding
$3.03 M (USD)
in 4 rounds
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Latest Funding Round
$2.7 M (USD), Series A
Mar 16, 2022
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Investors
TMV
& 12 more
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Employee Count
66
as on Mar 27, 2024
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Funding Insights of ShipsKart
ShipsKart has successfully raised a total of $3.03M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $2.7 million completed in March 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 4
- Last Round Series A — $2.7M
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First Round
First Round
(09 Mar 2018)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - ShipsKart | Valuation | TMV , HCS | |
| Sep, 2020 | Amount | Seed - ShipsKart | Valuation | Betatron Venture Group |
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| Apr, 2019 | Amount | Angel Round - ShipsKart | Valuation | Jayakrishan Nagar |
| 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 ShipsKart
ShipsKart has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include TMV, HCS Offshore and Tradeworks.vc. 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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TMV is engaged in venture capital investments for transformative startups.
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Founded Year | Domain | Location | |
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Venture capital fund focused on tech companies
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Founded Year | Domain | Location | |
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Early-stage companies are targeted for investments by Eternia Invest.
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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 ShipsKart
| 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 - ShipsKart
| 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 |
Shipskart Comparisons
Competitors of ShipsKart
ShipsKart 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 Orion Marine Concepts, Ship Stores and Spares, Ship Hub, Spares Pazari and Maritime Vendors, 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 |
Delivers specialized software solutions for the nautical and marine industry.
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| domain | founded_year | HQ Location |
Provides e-commerce marketplace for marine supplies and equipment.
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| domain | founded_year | HQ Location |
Delivers a comprehensive digital platform connecting service providers in the marine industry.
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| domain | founded_year | HQ Location |
Offers maritime spares, software solutions, IoT, hull cleaning, and logistics services globally.
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| domain | founded_year | HQ Location |
Provides a cloud-based e-procurement platform for marine vendors and ship owners.
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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 Shipskart
Frequently Asked Questions about ShipsKart
When was ShipsKart founded?
ShipsKart was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is ShipsKart located?
ShipsKart is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of ShipsKart?
Dhruv Sawhney is the current CEO of ShipsKart. They have also founded this company.
Is ShipsKart a funded company?
ShipsKart is a funded company, having raised a total of $3.03M across 4 funding rounds to date. The company's 1st funding round was a Angel Round of $68.88K, raised on Mar 09, 2018.
How many employees does ShipsKart have?
As of Mar 27, 2024, the latest employee count at ShipsKart is 66.
What is the annual revenue of ShipsKart?
Annual revenue of ShipsKart is $6.35M as on Mar 31, 2023.
What does ShipsKart do?
ShipsKart was founded in 2017 and is based in Delhi, India. An app-based platform is operated as an online B2B marketplace in the maritime services and logistics sector. Solutions for various maritime requirements are delivered to vendors, managers, purchase officers, and captains. Orders are placed by ship captains via the app, using details such as ETA and ETD. The platform is accessible through shipskart.com.
Who are the top competitors of ShipsKart?
ShipsKart's top competitors include Orion Marine Concepts, Maritime Vendors and Ship Stores and Spares.
Who are ShipsKart's investors?
ShipsKart has 13 investors. Key investors include TMV, HCS Offshore, Tradeworks.vc, Eternia Invest, and Motion Ventures.
What is ShipsKart's valuation?
The valuation of ShipsKart is $3.95M as of Sep 2020.