About Shipx
Shipx is a company based in Bengaluru (India) founded in 2008 by Abhinav Saxena, Bharat Ramanath, Maxin Samuel, and Venkatraman Mahadevan. It operates as a SaaS (Software-as-a-Service). Shipx has raised $991.69 thousand across 1 funding round from investors including Mahindra Logistics. The company has 10 employees as of April 09, 2024. Shipx has completed 1 acquisition, including Princeton Logistics Group. Shipx offers products and services including Shipx TMS Enterprise, Shipx TMS Onpoint, and Shipx Commerce. Shipx operates in a competitive market with competitors including Freight Tiger, Logospot, Descartes, Shipwell and MercuryGate, among others.
- Headquarter Bengaluru, India
- Employees 10 as on 09 Apr, 2024
- Founders Abhinav Saxena, Bharat Ramanath, Maxin Samuel, Venkatraman Mahadevan
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Transtech Logistics Private Limited
- Date of Incorporation 16 Oct, 2008
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$394.72 K (USD)11.5as on Mar 31, 2023
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Net Profit
-$120.72 K (USD)-3598.26as on Mar 31, 2023
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EBITDA
-$120.76 K (USD)-1936.2as on Mar 31, 2023
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Total Equity Funding
$991.69 K (USD)
in 1 rounds
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Latest Funding Round
$991.69 K (USD), Seed
Aug 30, 2018
- Investors
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Employee Count
10
as on Apr 09, 2024
- Investments & Acquisitions
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Products & Services of Shipx
Shipx offers a comprehensive portfolio of products and services, including Shipx TMS Enterprise, Shipx TMS Onpoint, and Shipx Commerce.
Transportation operations are managed for enterprise-level logistics efficiency.
Precise logistics solutions are provided for transportation management needs.
Commercial freight operations are streamlined for logistics businesses.
Funding Insights of Shipx
Shipx has successfully raised a total of $991.69K through 1 strategic funding round. The most recent funding activity was a Seed round of $991.69 thousand completed in August 2018. 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 Shipx
Shipx has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Mahindra Logistics.
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Integrated supply chain and mobility solutions are provided globally.
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Investor details for Shipx
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Investments & Acquisitions by Shipx
Shipx has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Princeton Logistics Group.
Investment portfolio details for Shipx
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Last-mile delivery management solutions are offered via a tech-enabled platform.
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Complete acquisition details for Shipx
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Financial Statements - Shipx
Detailed financials for Shipx
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Shipx Comparisons
Peer comparison for Shipx
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Competitors of Shipx
Shipx 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.
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Freight and logistics are managed via web-based platform.
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SaaS-based transport management solutions are provided by LogiSpot.
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Cloud-based solutions for transportation and supply chain management are offered.
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Online booking platform for freight transportation
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Cloud-based transportation management systems are provided for multimodal logistics.
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AI & SaaS-driven transportation management software solution provider
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Detailed competitors of Shipx
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Latest news on Shipx
Complete news archive for Shipx
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Frequently Asked Questions about Shipx
Shipx was founded in 2008 and raised its 1st funding round 10 years after it was founded.
Shipx is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Shipx is a funded company, having raised a total of $991.69K across 1 funding round to date.
As of Apr 09, 2024, the latest employee count at Shipx is 10.
Annual revenue of Shipx is $394.72K as on Mar 31, 2023.
Transportation and logistics operations are managed and optimized through a world-class SaaS platform by Shipx. Focus is placed on reducing IT spend for clients while enhancing customer service. Solutions are provided for full truck load, hub and spoke, and secondary distribution across industries like FMCG and retail. Collaboration across the supply chain is enabled, involving consignors, consignees, transporters, and brokers. Transparency and efficiency are improved in the entire logistics value chain. Freight contract management, invoicing, and vehicle tracking are supported with integrated operational capabilities.
Shipx's top competitors include Freight Tiger, Descartes and AVG Logistics.
Shipx offers Shipx TMS Enterprise, Shipx TMS Onpoint, and Shipx Commerce.
Shipx has made 1 acquisition, including Princeton Logistics Group.
Shipx has 1 investor. Key investors include Mahindra Logistics.
The valuation of Shipx is $1.45M as of Aug 2018.