Logistics Startup ShipEase Secures Funding from JITO Angel Network and More

ShipEase is a logistics services provider for e-commerce sellers, specifically catering to Long Tail and D2C Brand merchants. Founded in 2020 by Ajay, Lalit & Pawan, ShipEase has rapidly grown to become one of the fastest-growing SaaS companies in India, expanding from an apartment to a Gurgaon headquarters and encompassing hundreds of thousands of square feet of warehouse space across India. ShipEase’s core mission is to offer best-in-class logistics for small to mid-size businesses, allowing these merchants to focus on their growth and delivering exceptional customer experiences. The company ensures trust building, real-time status alerts, and provides tracking pages to enhance customer confidence and credibility. ShipEase operates across several countries including India, the United Kingdom, Dubai, Saudi Arabia, and the United States.

Related: Logistics Giant Shadowfax Secures $100M Series E Funding

ShipEase, a burgeoning logistics startup, has secured a substantial investment from esteemed backers including the JITO Angel Network Investment Arm of JITO Incubation and Innovation Foundation (JIIF), COGNIPHY.US, and the Ministry of Electronics and Information Technology (MEITY). The exact amount remains confidential.

The infusion of funds, as stated by ShipEase, is earmarked for bolstering its workforce, enhancing technological infrastructure, and innovating new products to fortify its brand presence in the market.

ShipEase, a Software as a Service (SaaS) logistics provider, is dedicated to assisting Direct-to-Consumer (D2C) brands and small to medium-sized e-commerce retailers in streamlining their supply chains. The company specializes in top-notch automated shipping solutions and effortlessly delivers to over 28,000 pin codes through intelligent courier assignment.

“We aim to position ourselves as a technologically advanced partner for the D2C community and traditional offline brands, offering comprehensive management of production, inventory, and supply chain operations, including logistics. Supply chain management represents approximately 10% of total expenses, playing a pivotal role in the success or failure of any business. Leveraging our extensive expertise in this field, we empower sellers to establish sustainable ventures,” explained Pawan Kumar, Founder of ShipEase.

ShipEase was established by a dynamic trio of seasoned professionals. Pawan Kumar, leading the helm as CEO, brings a wealth of knowledge gained from his tenure at Xpressbees, Ecom Express, and Delhivery Ltd. Meanwhile, Lalit Singh, taking on the role of CRO, boasts an impressive track record garnered from esteemed companies such as FedEx, Delhivery, and Reliance Industries.

Ajay K, serving as MD & CTO, contributes his extensive technical prowess acquired during his tenure at RBS, Iris Inc., and Aricent. Together, their diverse expertise spanning logistics, e-commerce, and technology fuels ShipEase’s relentless pursuit to revolutionize the shipping industry.

Rajat Mehta, the head honcho at the JITO Incubation and Innovation Foundation (JIIF), emphasized the critical role of logistics, particularly for D2C brands. He pointed out that wrangling supply chains eats up a big chunk of expenses. For startups and up-and-coming brands, setting up their own supply networks across India demands a hefty investment. But fear not! ShipEase swoops in with its savvy platform and tech savvy to whisk brands’ products to customers pronto, all while keeping costs in check.

Ensuring prompt and secure transportation of valuable goods remains a top concern for businesses. ShipEase, however, asserts that its innovative technology features, such as real-time tracking, NDR management, returns handling, a user-friendly dashboard, and more, significantly enhance shipment security.

According to ShipEase, they’ve crafted a logistics solution infused with technology to streamline delivery needs from start to finish, promising simplicity and reliability for users.

The startup proudly serves a vast array of 3,000 clients, handling over a million shipments each month. Moreover, it’s maintaining a healthy double-digit positive EBITDA, following the trends as of February 2024. Looking at the broader picture, the Supply Chain Management Market stood at a value of approximately US$ 26.8 billion in 2022. Analysts predict it to soar to about US$ 62.20 billion by 2030, showing an impressive compound annual growth rate (CAGR) of 11.1% from 2023 onwards.

ShipEase, a promising logistics startup, has secured significant investment to enhance its workforce and technological infrastructure. Specializing in automated shipping solutions, it caters to D2C brands and e-commerce retailers across 28,000 pin codes. Founded by a skilled trio with diversified expertise, ShipEase aims to revolutionize the industry. Their innovative technology features ensure secure and efficient shipments, offering simplicity and reliability. With impressive client numbers and positive EBITDA, ShipEase is well-positioned in the expanding Supply Chain Management Market, poised for substantial growth and impact.