About Shipway
Shipway is a company based in Gurugram (India) founded in 2015 by Vikas Garg and Gaurav Gupta was acquired by Unicommerce in November 2024. Shipway has raised $2.52 million across 2 funding rounds from investors including Unicommerce, Tradezeal Online and Akshay Hedge. The company has 146 employees as of December 19, 2024. Shipway offers products and services including Shipping Automation, RTO Reduction Suite, and Order Management System. Shipway operates in a competitive market with competitors including Shiprocket, ShipBob, Pickrr, Anchanto and Emiza, among others.
- Headquarter Gurugram, India
- Employees 146 as on 19 Dec, 2024
- Founders Vikas Garg, Gaurav Gupta
- 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 Shipway Technology Private Limited
- Date of Incorporation 06 Aug, 2015
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$5.06 M (USD)298.01as on Mar 31, 2024
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Net Profit
-$260.28 K (USD)48as on Mar 31, 2024
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EBITDA
-$551.09 K (USD)-2.17as on Mar 31, 2024
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Total Equity Funding
$2.52 M (USD)
in 2 rounds
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Latest Funding Round
$2.44 M (USD), Seed
Apr 29, 2021
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Investors
Unicommerce
& 7 more
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Employee Count
146
as on Dec 19, 2024
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Acquired by
Unicommerce
(Nov 11, 2024)
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Products & Services of Shipway
Shipway offers a comprehensive portfolio of products and services, including Shipping Automation, RTO Reduction Suite, and Order Management System.
Platform for automating e-commerce shipping and courier integrations.
Tools to minimize return-to-origin rates and improve delivery success.
System for handling orders, inventory, and marketplace integrations.
Funding Insights of Shipway
Shipway has successfully raised a total of $2.52M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.44 million completed in April 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.
Investors in Shipway
Shipway has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Unicommerce, Tradezeal Online and Akshay Hedge.
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Venture capital investments are directed toward multiple sectors.
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Akshay Hedge |
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Santosh Reddy |
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Investor details for Shipway
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- Investor locations
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Investments & Acquisitions by Shipway
Investment portfolio details for Shipway
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- Transaction dates
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Financial Statements - Shipway
Detailed financials for Shipway
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Shipway Comparisons
Peer comparison for Shipway
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- Named peers
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Competitors of Shipway
Shipway 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, ShipBob, Pickrr, Anchanto and Emiza, among others.
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E-commerce tools for shipping, marketing, and financial services are provided.
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E-commerce fulfillment solutions are provided for direct-to-consumer brands.
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AI-based logistics solutions are provided for shipping and tracking.
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SaaS solutions for e-commerce and logistics operations are delivered.
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Logistics and delivery solutions are provided for e-commerce businesses.
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Provider of e-commerce enablement platform automating order processing, inventory, warehouse, and shipping
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Detailed competitors of Shipway
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Latest news on Shipway
Complete news archive for Shipway
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Frequently Asked Questions about Shipway
Shipway was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Shipway is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Ezy Slips is the current CEO of Shipway.
Shipway is a funded company, having raised a total of $2.52M across 2 funding rounds to date.
As of Dec 19, 2024, the latest employee count at Shipway is 146.
Annual revenue of Shipway is $5.06M as on Mar 31, 2024.
Shipway was founded in 2015 in Gurugram, India, as a platform focused on eCommerce logistics. Multi-carrier shipping automation is provided, along with return management, fraud detection, NDR handling, and tracking notifications. Integrations are supported for platforms such as Shopify, WooCommerce, BigCommerce, and eBay. Operations follow a subscription model, serving businesses in the online retail sector across India.
Shipway's top competitors include Shiprocket, ShipBob and Prozo.
Shipway offers Shipping Automation, RTO Reduction Suite, and Order Management System.
Shipway has 8 investors. Key investors include Unicommerce, Tradezeal Online, Akshay Hedge, Santosh Reddy, and Akash Hedge.
The valuation of Shipway is $9.45M as of Apr 2021.