# LogIQ Labs Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/logiq-labs-pvt

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.eshipz.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Feb 8, 2021)
- Investors on record: 1

## About

LogIQ Labs Pvt Ltd is an Indian technology company specializing in logistics management solutions, offering advanced shipping automation and real-time tracking to enhance operational efficiency in supply chain management.Founded in 2019, LogIQ Labs Pvt Ltd, headquartered in Bangalore, India, operates under the brand eShipz, providing a logistics management platform. The company was co-founded by Ajaykumar Rajakumar, Shashi Tripathi, and Shivadeep Mahadi, who have previously been involved in other ventures. In September 2021, LogIQ Labs raised USD 700,000 in a funding round led by Indian Angel Network, with participation from Axilor Ventures. This funding brought the total amount raised by the company to USD 700,000.eShipz offers a comprehensive logistics management platform that integrates advanced shipping automation, real-time tracking, and workflow optimization. Key functionalities include logistics workflow automation, AI-driven smart courier allocation, and unified shipment tracking, designed to enhance operational efficiency for its diverse client base across sectors such as eCommerce, manufacturing, and retail. The platform enables businesses in India to automate their shipping processes through over 400 courier integrations, facilitating seamless order orchestration without coding.In the most recent financial year 2023, eShipz generated revenue of USD 382,966.90, with an EBITDA of USD -236,351.50, primarily through subscription-based models and partnerships with B2B enterprises and direct-to-consumer retailers.Following the funding round in September 2021, eShipz plans to enhance its technology capabilities and strengthen its teams to support future growth. The company aims to expand its offerings with upcoming products designed to further streamline logistics processes. Additionally, eShipz has aspirations to penetrate international markets, particularly targeting micro, small, and medium enterprises (MSMEs) to help them scale globally. This strategic focus will leverage the recent funding to drive innovation and support expansion efforts.

## Funding rounds

- Seed, Feb 8, 2021, $0.1M — Axilor Ventures

## Investors

- Axilor Ventures (https://capitalatlas.ai/funds/axilor-ventures) — Seed