ShipEase Extends Round, Welcomes JITO JIIF, COGNIPHY.US, MEITY Onboard

ShipEase Extends Round, Welcomes JITO JIIF, COGNIPHY.US, MEITY Onboard

India, May 04, 2024: ShipEase, India’s most efficient logistics company has further raised undisclosed funds from JITO Angel Network Investment Arm of JITO Incubation and Innovation Foundation (JIIF), COGNIPHY.US and Ministry of Electronics and Information Technology (MEITY) . 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 the best-in-class automated shipping services and seamlessly ships to 28000+ 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 Ltd. Lalit Singh, the CRO, has worked at well reputed companies like 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.

Rajat Mehta, Chairman, JITO Incubation and Innovation Foundation(JIIF), said “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 real time tracking, NDR Management,Returns Management,Consultative Dashboard, and others.

Pawan Kumar, Founder, ShipEase, said, “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. Supply chain contributes to approx 10% of overall costs & it plays a very vital role in success or failure of any business, with our in-depth expertise in the domain, we help sellers in building a sustainable business.”

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.

ShipEase is serving to a wide seller base of 3 K clients with the business quantum of over a Million shipments per month. Also the company operates on a double digit positive EBITDA as per Feb’24 trends. The company has accomplished this exceptional growth with a very lean team size and in very short span of time.

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.