ShipEase raises $1mn, round led by Inflection Point Ventures
ShipEase is a SAAS-based logistics provider helping D2C brands and SME e-tailers in making their supply chain efficient
ShipEase has raised $1 million in a Pre-Series A round led by Inflection Point Ventures. The funds will be utilised in expanding the team, improving the technology, developing new efficient products and brand building, says an official release.
ShipEase is a SAAS-based logistics provider helping D2C brands and SME e-tailers to make their supply chain efficient. The company offers the best-in-class automated shipping services and ships to 28,000+ pincodes with smart courier allocation, the release added.
Pawan Kumar, Founder and CEO, ShipEase says: “We would like to project ourselves as a tech-savvy organisation 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.”
Vikram Ramasubramanian, Partner, Inflection Point Ventures adds: “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.”
Founded in 2020 by Pawan Kumar, Ajay K and Lalit Singh, ShipEase handles 3.5 lakh+ shipments per month, the release added.