ShipEase, a rapidly growing logistics startup, has announced a new round of funding from prominent 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 amount remains undisclosed, but the infusion of capital is set to drive the company’s ambitious plans for growth and innovation.
Founded by Pawan Kumar, Lalit Singh, and Ajay K, ShipEase has quickly established itself as a key player in the logistics sector, focusing on enhancing the supply chains of Direct-to-Consumer (D2C) brands and small to medium-sized e-commerce retailers. The startup offers automated shipping services that span over 28,000 pin codes, utilizing intelligent courier assignment to ensure efficient deliveries.
Pawan Kumar, CEO of ShipEase, emphasized the critical role of supply chain management, which accounts for around 10% of overall business costs. He explained that ShipEase aims to be a tech-savvy partner for both the D2C community and offline brands, offering comprehensive management solutions from production to inventory and logistics. By leveraging their deep expertise in logistics, ShipEase helps businesses build sustainable and efficient operations.
The founding team brings a wealth of experience from top companies. Pawan Kumar’s background includes significant roles at Xpressbees, Ecom Express, and Delhivery Ltd. Lalit Singh, the Chief Revenue Officer, has an impressive track record with FedEx, Delhivery, and Reliance Industries. Ajay K, the Managing Director and Chief Technology Officer, has extensive technical experience from his time at RBS, Iris Inc., and Aricent. Together, their diverse backgrounds in logistics, e-commerce, and technology fuel ShipEase’s mission to innovate and streamline the shipping industry.
Rajat Mehta, Chairman of JIIF, highlighted the importance of efficient logistics for D2C brands. He noted that managing supply chains is a significant expense for new and emerging brands. ShipEase’s platform and technological approach provide a cost-effective solution, helping brands reach their customers swiftly while keeping logistics costs low.
ShipEase has developed a technology-driven logistics solution that offers end-to-end automation for various delivery needs. Key features include real-time tracking, non-delivery report (NDR) management, returns management, and a consultative dashboard, all designed to enhance shipment security and efficiency.
Currently, ShipEase serves a diverse base of 3,000 clients, handling over a million shipments per month. The company has also maintained a positive EBITDA in double digits, showcasing its financial health and growth potential.
The broader Supply Chain Management Market was valued at approximately $26.8 billion in 2022 and is expected to reach around $62.20 billion by 2030, growing at a compound annual growth rate (CAGR) of 11.1% from 2023 onwards. This promising market outlook positions ShipEase well for continued expansion and impact.
ShipEase’s latest funding round will be used to expand its team, enhance its technological infrastructure, and develop new products to strengthen its market presence. With its innovative approach and robust platform, ShipEase is poised to continue making significant strides in the logistics sector, helping D2C brands and e-commerce retailers optimize their supply chains and deliver exceptional customer experiences.