About Shipsy
Shipsy is a company based in Gurugram (India) founded in 2015 by Himanshu Gupta, Sahil Arora, Dhruv Agrawal, and Soham Chokshi.. Shipsy has raised $32.89 million across 6 funding rounds from investors including Info Edge, DTDC and Z3Partners. The company has 219 employees as of April 08, 2024. Shipsy has completed 1 acquisition, including Stockone. Shipsy offers products and services including Transportation Management System, Warehouse Management System, Route Optimization and Planning, Shipment Tracking, and Freight Procurement. Shipsy operates in a competitive market with competitors including Freight Tiger, Logospot, Descartes, Shipwell and MercuryGate, among others.
- Headquarter Gurugram, India
- Employees 219 as on 08 Apr, 2024
- Founders Himanshu Gupta, Sahil Arora, Dhruv Agrawal, Soham Chokshi
- Stage Minicorn
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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 Llama Logisol Private Limited
- Date of Incorporation 12 Jun, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$6.44 M (USD)74.14as on Mar 31, 2023
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Net Profit
$-4.75 M (USD)-196.53as on Mar 31, 2023
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EBITDA
$-6.96 M (USD)-207.71as on Mar 31, 2023
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Total Equity Funding
$32.89 M (USD)
in 6 rounds
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Latest Funding Round
$25 M (USD), Series B
Feb 23, 2022
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Investors
Info Edge
& 21 more
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Employee Count
219
as on Apr 08, 2024
- Investments & Acquisitions
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Products & Services of Shipsy
Shipsy offers a comprehensive portfolio of products and services, including Transportation Management System, Warehouse Management System, Route Optimization and Planning, Shipment Tracking, and Freight Procurement. 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.
Platform to plan, procure, and track shipments across supply chains.
SaaS tool for perfect order execution and high-volume operations.
System to increase vehicle utilization and ensure timely deliveries.
Provides end-to-end tracking and proactive alerts for shipments.
Dashboard to compare and select freight quotes efficiently.
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Funding Insights of Shipsy
Shipsy has successfully raised a total of $32.89M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in February 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 — $25.0M
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First Round
First Round
(14 Sep 2015)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series B - Shipsy | Valuation | A91 Partners , Z3Partners | |
| Nov, 2020 | Amount | Series A - Shipsy | Valuation | Surge Ventures | |
| Nov, 2019 | Amount | Seed - Shipsy | Valuation | Info Edge Ventures , Info Edge |
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| 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 Shipsy
Shipsy has secured backing from 22 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Info Edge, DTDC and Z3Partners. 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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Investment partnerships and support for founders in software, financial services, and consumer sectors.
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Founded Year | Domain | Location | |
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Tech and digital investing services in India.
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Founded Year | Domain | Location | |
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Acceleration is provided to startups across multiple sectors by Surge.
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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 Shipsy
Shipsy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Stockone. 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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Web-based solutions for warehouse management are provided.
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2017 |
| 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 - Shipsy
| 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 |
Shipsy Comparisons
Competitors of Shipsy
Shipsy 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 Freight Tiger, Logospot, Descartes, Shipwell and MercuryGate, 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 |
Freight and logistics are managed via web-based platform.
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| domain | founded_year | HQ Location |
SaaS-based transport management solutions are provided by LogiSpot.
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| domain | founded_year | HQ Location |
Cloud-based solutions for transportation and supply chain management are offered.
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| domain | founded_year | HQ Location |
Online booking platform for freight transportation
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| domain | founded_year | HQ Location |
Cloud-based transportation management systems are provided for multimodal logistics.
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| domain | founded_year | HQ Location |
AI & SaaS-driven transportation management software solution provider
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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 Shipsy
Frequently Asked Questions about Shipsy
When was Shipsy founded?
Shipsy was founded in 2015.
Where is Shipsy located?
Shipsy is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Shipsy?
Soham Chokshi is the current CEO of Shipsy. They have also founded this company.
Is Shipsy a funded company?
Shipsy is a funded company, having raised a total of $32.89M across 6 funding rounds to date. The company's 1st funding round was a Seed of $695.19K, raised on Sep 14, 2015.
How many employees does Shipsy have?
As of Apr 08, 2024, the latest employee count at Shipsy is 219.
What is the annual revenue of Shipsy?
Annual revenue of Shipsy is $6.44M as on Mar 31, 2023.
What does Shipsy do?
Shipsy was established in 2015 in Gurugram, India, within the logistics and supply chain sector. End-to-end operations are optimized through a platform that automates tracking, routing, and scheduling. Shipment monitoring in real-time is enabled, along with connections to freight forwarders and customs agents. Services include customer database management, billing, and invoicing, supporting businesses in simplifying cargo and container oversight.
Who are the top competitors of Shipsy?
Shipsy's top competitors include Freight Tiger, Descartes and AVG Logistics.
What products or services does Shipsy offer?
Shipsy offers Transportation Management System, Warehouse Management System, Route Optimization and Planning, Shipment Tracking, and Freight Procurement.
How many acquisitions has Shipsy made?
Shipsy has made 1 acquisition, including Stockone.
Who are Shipsy's investors?
Shipsy has 22 investors. Key investors include Info Edge, DTDC, Z3Partners, A91 Partners, and Surge.
What is Shipsy's valuation?
The valuation of Shipsy is $122.32M as of Feb 2022.