India-based logistics company, ShipEase has raised $1 Million in a pre-series A round of funding led by Inflection Point Ventures.
The SAAS-based logistics provider plans to use the raised funds for hiring, improving technology, developing new efficient products, and building brands.
ShipEase was founded by Pawan Kumar, Lalit Singh, and Ajay K., ShipEase is a SAAS-based logistics provider helping D2C brands and SME e-tailers to make their supply chain efficient. The company offers best-in-class automated shipping services and seamlessly ships to 28,000+ pin codes with smart courier allocation.
Speaking about the investment in ShipEase, Vikram Ramasubramanian, Partner, Inflection Point Ventures, said, “Logistics plays a pivotal role, especially for D2C brands as managing supply chains is one of the biggest cost heads. For new and emerging brands, building 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.”
Further commenting on the funding round, Pawan Kumar, Founder of ShipEase, says, “We would like to project ourselves as a tech-savvy organization for D2C community and offline brands right from managing 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.”