Logistics provider ShipEase raises $1m funding

Pre-Series A Round led by Inflection Point Ventures

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ShipEase
Ajay K, MD& CTO, Pawan Kumar, CEO, and Lalit Singh, CRO, Shipease.

ShipEase, a logistics company, has raised $1 M in a Pre-Series A Round led by  angel investing platform Inflection Point Ventures. The funds raised will be utilized in expanding the team, improving the technology, developing new efficient products and brand building.

ShipEase is a SAAS-based logistics provider helping D2C brands and SME e-tailers to make their supply chain efficient. The company offers automated shipping services and ships to more than 28,000  pincodes with smart courier allocation.   

ShipEase was founded by a trio of accomplished professionals. Pawan Kumar, the CEO, brings expertise from Xpressbees, Ecom Express, and Delhivery. Lalit Singh, the CRO, has worked at well reputed companies such as FedEx, Delhivery, and Reliance Industries. Ajay K, MD & CTO comes with tech experience working with RBS, Iris Inc, and Aricent. Their collective experience in logistics, e-commerce, and technology drives Shipease’s mission to innovate the shipping industry.

Vikram Ramasubramanian, Partner, Inflection Point Ventures, says, “Logistics play a pivotal role specially for D2C brands as managing supply chain is one of the biggest cost heads. For new and emerging brands, to build their own supply chain pan India, is a multi-crore commitment. However, ShipEase’s platform and their tech approach can help brands reach their customers faster while keeping logistics costs low.”

While timely and safe goods movement for high value products is a high priority for companies, what makes the shipments more secure is tech solution features including tracking the products, NDR Management and so on. ShipEase has successfully designed a technology-enabled logistics solution which provides end-to-end automation for varied delivery requirements. ShipEase with a domain expert founding team, cost-effective methods and robust technology positions the company as one of the most preferred partners for brands and SMEs.

Pawan Kumar, founder, ShipEase, says, “We would like to project ourselves as tech savvy organization for D2C community and offline brands right from managing the production, inventory control, supply chain followed by logistics. It has been a phenomenal experience so far with IPV for putting faith in us and believing in our team & vision.”

ShipEase is serving a wide seller base of more than 2,000 clients with the business quantum of 3.5 lakh shipments per month. Also, the company operates on a double-digit positive EBITDA as per Jul’23 trends. 

The supply chain management market was valued at approximately US$ 26.8 billion in 2022. It is anticipated to achieve a valuation of around US$ 62.20 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.1% from 2023 to 2030.

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