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. 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 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.4M
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First Round
First Round
(31 Mar 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2021 | Amount | Seed - Shipway | Valuation | Tradezeal Online |
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| Mar, 2021 | Amount | Angel Round - Shipway | Valuation | Akshay Hedge |
| 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 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. 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 capital investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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AH
Akshay Hedge |
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Founded Year | Domain | Location |
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SR
Santosh Reddy |
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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 Shipway
| 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 - Shipway
| 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 |
Shipway Comparisons
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. 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 |
E-commerce tools for shipping, marketing, and financial services are provided.
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| domain | founded_year | HQ Location |
E-commerce fulfillment solutions are provided for direct-to-consumer brands.
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| domain | founded_year | HQ Location |
AI-based logistics solutions are provided for shipping and tracking.
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| domain | founded_year | HQ Location |
SaaS solutions for e-commerce and logistics operations are delivered.
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| domain | founded_year | HQ Location |
Logistics and delivery solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Provider of e-commerce enablement platform automating order processing, inventory, warehouse, and shipping
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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 Shipway
Frequently Asked Questions about Shipway
When was Shipway founded?
Shipway was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is Shipway located?
Shipway is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Shipway?
Ezy Slips is the current CEO of Shipway.
Is Shipway a funded company?
Shipway is a funded company, having raised a total of $2.52M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $81.64K, raised on Mar 31, 2021.
How many employees does Shipway have?
As of Dec 19, 2024, the latest employee count at Shipway is 146.
What is the annual revenue of Shipway?
Annual revenue of Shipway is $5.06M as on Mar 31, 2024.
What does Shipway do?
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.
Who are the top competitors of Shipway?
Shipway's top competitors include Shiprocket, ShipBob and Prozo.
What products or services does Shipway offer?
Shipway offers Shipping Automation, RTO Reduction Suite, and Order Management System.
Who are Shipway's investors?
Shipway has 8 investors. Key investors include Unicommerce, Tradezeal Online, Akshay Hedge, Santosh Reddy, and Akash Hedge.
What is Shipway's valuation?
The valuation of Shipway is $9.45M as of Apr 2021.
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