About ShipTurtle
ShipTurtle is a Retail company based in Ahmedabad (India) founded in 2021. Multi-vendor e-commerce fulfillment is enabled via SaaS platform. ShipTurtle has raised $632.72 thousand across 3 funding rounds from investors including We Founder Circle, Gujarat University Startup and Entrepreneurship Council and Foresite Technologies. The company has 1 employees. ShipTurtle was last valued at $2.74 million in May 2023. Its website shipturtle.com draws about 45 thousand monthly visits. Its Indian entity Shipturtle Apps Private Limited reported revenue of ₹1.37 Cr. ShipTurtle offers products and services including Marketplace App and Shipping Integration. Its focus areas include E-Commerce Enablers, Ecommerce Software Suite and Marketplaces.
Company details
ShipTurtle was founded in 2021 in Ahmedabad, India, as a SaaS provider in the e-commerce fulfillment sector. Multi-vendor and multi-channel management is supported, allowing cross-selling of products across brand websites. Workflows for inventory, orders, products, and payments are handled. Services encompass order fulfillment through integrated shippers, real-time tracking, invoicing, and sales analytics for business operations.
- Headquarters Ahmedabad, India
- Employees 1
- Stage Minicorn
- SectorsRetail
- Website category Business and Consumer Services · Business Services
- Email••••••••
- Phone•••• ••••
- Website shipturtle.com
- Social LinkedIn Facebook Instagram YouTube
- Legal Name Shipturtle Apps Private Limited
- Date of Incorporation 27 May, 2021
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹1.37 Cr
FY 2024 · +165% YoY
- Net Loss-₹64.4 Lakh
FY 2024 · -47% margin
- EBITDA-₹62 Lakh
FY 2024 · -45% margin
- Total Equity Funding$632.72K (USD)
in 3 rounds
- Latest Funding Round$205.9K (USD), Seed
May 2023
- InvestorsWe Founder Circle
& 16 more
- Employee Count1
Associated legal entities of ShipTurtle
ShipTurtle operates through Shipturtle Apps Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shipturtle Apps Private Limited CIN U72900GJ2021PTC122863 | Active | 27 May 2021 | Ahmedabad, Gujarat | ₹1.4 Cr | 3 | View details |
Products & Services of ShipTurtle
ShipTurtle offers a comprehensive portfolio of products and services, including Marketplace App and Shipping Integration.
Enables building of multi-vendor marketplaces on Shopify
Automates shipping and order fulfillment for online stores
Funding Insights of ShipTurtle
ShipTurtle has successfully raised a total of $632.72K across 3 strategic funding rounds. The most recent funding activity was a Seed round of $205.9 thousand completed in May 2023. 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 $632,715
- Total Rounds 3
- Last Round Seed — $205,897
- Investors Count 17
All 3 funding rounds of ShipTurtle with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2023 | $205,897 | Seed | $2.74M | – | |
| Mar 2023 | $426,818 | Seed | $3.1M | Inflection Point Ventures | |
| Feb 2023 | Seed | – | We Founder Circle | – |
| Date | Valuation | Stage |
|---|---|---|
| May 2023 | $2.74M | •••••••• |
| Mar 2023 | $3.1M | •••••••• |
Last known valuation $2.74M (May 2023). 17 investors in total: 7 institutional and 10 angel.
Investors in ShipTurtle
ShipTurtle has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include We Founder Circle, Gujarat University Startup and Entrepreneurship Council and Foresite Technologies.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startup incubation, support, and entrepreneurship services in Gujarat. | 2016 | gusec.edu.in | Ahmedabad, India | |
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Venture capital investment in tech-startups | firstportcapital.tcc.mode | Gurugram, India | ||
Investment in early-stage startups and global community support. | 2020 | wefoundercircle.com | Mumbai, India | |
Manufacturer of industrial valves, pipe fittings, and flanges | aapindustries.com.au | Kirrawee, Australia | ||
| aapindustries.tcc.mode | ||||
AS Abhilash Sonwane | unknown_64135351ef8a4c21a | |||
PK Pramod Kabra | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | unknown_e5880c190cd445b69 | ||
PJ Pradeep Jain | unknown_c1f1e3a68c2641c78 | |||
JP Jatin Patel | unknown_8efd9378101440a3a |
Investor details for ShipTurtle
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Shipturtle Apps Private Limited (ShipTurtle)
Shipturtle Apps Private Limited is the primary company behind ShipTurtle. The board of Shipturtle Apps Private Limited currently have 3 directors; the longest-serving is Sharad Kabra, appointed in 2021. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sharad Kabra DIN 08890013 | Director | 27 May 2021 | 5 yrs 5 mo | Shipturtle Apps Private Limited |
| Shishir Kabra DIN 00073732 | Director | 08 Dec 2022 | 3 yrs 10 mo | Shipturtle Apps Private Limited |
| Saumitra Shishir Kabra DIN 07644244 | Director | 30 Sep 2024 | 2 yrs | Shipturtle Apps Private Limited |
Financials of ShipTurtle
Figures of Shipturtle Apps Private Limited, the primary company behind ShipTurtle, for FY 2024. Revenue was ₹1.37 Cr (+165% year on year). Net loss was -₹64.4 Lakh (-47% margin). EBITDA was -₹62 Lakh (-45% margin).
- ₹1.37 CrRevenue · FY 2024 · +165% YoY
- -₹64.4 LakhNet loss · -47% margin
- -₹62 LakhEBITDA · -45% margin
- ₹4.3 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Shipturtle Apps Private Limited are on its company page.
Detailed financial statements for ShipTurtle
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of ShipTurtle
4 dated milestones of ShipTurtle across 2 years, from founding to its latest funding, stage changes and deals.
- Founded ShipTurtle is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $206K.
Web traffic of ShipTurtle
The website of ShipTurtle (shipturtle.com) receives about 45K visits a month and ranks #520,009 among all websites worldwide, #4,082 in Business Services.
- Monthly visits45K
▼ 21.2% vs previous month
- Unique visitors20.7K
per month
- Global rank#520,009
among all websites
- Category rank#4,082
Business and Consumer Services · Business Services
- Bounce rate35%
- Pages per visit3.1
- Average visit54 sec
- DevicesDesktop 30% · Mobile 70%
Websites whose visitors overlap most with ShipTurtle. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| nauticalcommerce.com | 100% | 11.8K | #2,023,381 | View details | |
hiyaku-inc.com | hiyaku-inc.com | 94% | #3,517,436 | – | |
| eprolo.com | 94% | #185,112 | View details | ||
| shopify.com | 81% | 224.7M | #101 | View details | |
ebisumart.com | ebisumart.com | 56% | #159,897 | – |
Top companies in E-Commerce Enablers & Infrastructure
3 companies that operate in the same segment as ShipTurtle (E-Commerce Enablers & Infrastructure) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.37 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M |
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Related news about Shipturtle
Complete news archive for ShipTurtle
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Frequently Asked Questions about ShipTurtle
ShipTurtle was founded in 2021 and raised its 1st funding round 2 years after it was founded.
ShipTurtle is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
ShipTurtle is a funded company, having raised a total of $632.72K across 3 funding rounds to date.
ShipTurtle has 1 employees.
The primary company behind ShipTurtle, Shipturtle Apps Private Limited, reported revenue of ₹1.37 Cr for FY 2024, up 165% year on year.
ShipTurtle was founded in 2021 in Ahmedabad, India, as a SaaS provider in the e-commerce fulfillment sector. Multi-vendor and multi-channel management is supported, allowing cross-selling of products across brand websites. Workflows for inventory, orders, products, and payments are handled. Services encompass order fulfillment through integrated shippers, real-time tracking, invoicing, and sales analytics for business operations.
ShipTurtle offers Marketplace App and Shipping Integration.
ShipTurtle has 17 investors. Key investors include We Founder Circle, Gujarat University Startup and Entrepreneurship Council, Foresite Technologies, Abhilash Sonwane, and Pramod Kabra.
The valuation of ShipTurtle is $2.74M as of May 2023.
ShipTurtle operates through Shipturtle Apps Private Limited.
The legal entities of ShipTurtle currently have 3 directors, including Sharad Kabra, Saumitra Shishir Kabra, Shishir Kabra.