About Shipx
Shipx is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2008 by Abhinav Saxena, Bharat Ramanath, Maxin Samuel, and Venkatraman Mahadevan. Transportation and logistics operations are digitized through a SaaS platform. It operates on a SaaS (Software-as-a-Service) model. Shipx has raised $991.69 thousand across 1 funding round from investors including Mahindra Logistics. The company has 10 employees. Shipx has completed 1 acquisition, including Princeton Logistics Group. Shipx was last valued at $1.45 million in August 2018. Its Indian entity Transtech Logistics Private Limited reported revenue of ₹1 Lakh. Shipx offers products and services including Shipx TMS Enterprise, Shipx TMS Onpoint, and Shipx Commerce. Its focus areas include Technology, Software, SaaS and Transportation. Its competitors include Freight Tiger and AVG Logistics; 2 of its 2 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 10
- Founders Abhinav Saxena, Bharat Ramanath, Maxin Samuel, Venkatraman Mahadevan
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Phone•••• ••••
- Website shipx.in
- Social LinkedIn
- Legal Name Transtech Logistics Private Limited
- Date of Incorporation 16 Oct, 2008
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1 Lakh
FY 2025 · -98% YoY
- Net Loss-₹4 Lakh
FY 2025 · -388% margin
- EBITDA-₹3.1 Lakh
FY 2025 · -297% margin
- Total Equity Funding$991.69K (USD)
in 1 rounds
- Latest Funding Round$991.69K (USD), Seed
Aug 2018
- Investors
- Employee Count10
- Investments & Acquisitions
Associated legal entities of Shipx
Shipx operates through Transtech Logistics Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Transtech Logistics Private Limited CIN U60231KA2008PTC048036 | Active | 16 Oct 2008 | Bangalore, Karnataka | ₹0.0 Cr | 10 | 2 | View details |
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.
- Total Funding $991,694
- Total Rounds 1
- Last Round Seed — $991,694
- First Round $991,694
(Aug 2018)
- Investors Count 1
All 1 funding rounds of Shipx 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 |
|---|---|---|---|---|---|
| Aug 2018 | $991,694 | Seed | $1.45M | Mahindra Logistics | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2018 | $1.45M | •••••••• |
Last known valuation $1.45M (Aug 2018). 1 investors in total: 1 institutional.
Investors in Shipx
Shipx has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Mahindra Logistics.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Integrated supply chain and mobility solutions are provided globally. | 2009 | mahindralogistics.com | Mumbai, India |
Investor details for Shipx
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Board of directors of Transtech Logistics Private Limited (Shipx)
Transtech Logistics Private Limited is the primary company behind Shipx. The board of Transtech Logistics Private Limited currently have 2 directors; the longest-serving is Amarnath Nanjundaswamy Kalale, appointed in 2008. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amarnath Nanjundaswamy Kalale DIN 02197584 | Director | 16 Oct 2008 | 18 yrs | Transtech Logistics Private Limited |
| Bharat Ramanath DIN 08237933 | Director | 05 Oct 2018 | 8 yrs 1 mo | Transtech Logistics Private Limited |
People of Shipx
4 people are tracked at Shipx (4 in leadership); the tracked headcount is 10.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Venkatraman Mahadevan | Co-Founder | Leadership |
Complete people profiles for Shipx
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- Full employee list
- Team structure
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Financials of Shipx
Figures of Transtech Logistics Private Limited, the primary company behind Shipx, for FY 2025. Revenue was ₹1 Lakh (-98% year on year). Net loss was -₹4 Lakh (-388% margin). EBITDA was -₹3.1 Lakh (-297% margin). Revenue has grown at a compounded annual rate of -85% over three years and -64% over five years.
- ₹1 LakhRevenue · FY 2025 · -98% YoY
- -₹4 LakhNet loss · -388% margin
- -₹3.1 LakhEBITDA · -297% margin
- ₹43 LakhPaid-up capital
- 10Employees (provident fund records)
- -85%Revenue CAGR, 3 years
- -64%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Transtech Logistics Private Limited are on its company page.
Detailed financial statements for Shipx
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Last-mile delivery management solutions are offered via a tech-enabled platform. | princetonlogistics.group | Princeton, United States | 2020 | May 2022 | •••• |
Complete acquisition details for Shipx
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of Shipx
4 dated milestones of Shipx across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Shipx is founded.
- Funding First funding round of $992K.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Princeton Logistics Group.
Competitors of Shipx
Shipx has 2 listed competitors in our database, 2 of them funded. They include Freight Tiger and AVG Logistics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| freighttiger.com | 2014 | Mumbai, India | $60.2M | 414 | Freight and logistics are managed via web-based platform. | |
| avglogistics.com | 2010 | Delhi, India | $5.09M | 556 | Provider of integrated road and rail cargo transportation and warehousing solutions |
Detailed competitors of Shipx
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Shipx
The website of Shipx (shipx.in) receives about 1.9K visits a month.
- Monthly visits1.9K
▲ 26.6% vs previous month
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Shipx (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 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 |
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Related news about 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. The company's 1st funding round was a Seed of $991.69K, raised on Aug 2018.
Shipx has 10 employees.
The primary company behind Shipx, Transtech Logistics Private Limited, reported revenue of ₹1 Lakh for FY 2025, down 98% year on year.
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 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.
Shipx operates through Transtech Logistics Private Limited.