# Shipskart Marine Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shipskart-marine-private

- Industry: Logistics & Distribution
- Headquarters: New Delhi, India
- Website: www.shipskart.com
- Total disclosed funding: $2.7M
- Latest round: Seed (Jul 12, 2022)
- Investors on record: 5

## About

Shipskart Marine Private Limited is a specialized e-commerce platform dedicated to maritime procurement, streamlining supply orders for shipping companies and maritime operators across various global markets.Founded in 2017 by Dhruv Sawhney, Sunny Bagla, and Vivek Sahi, Shipskart operates from New Delhi, India. The company focuses on enhancing the supply chain efficiency for the maritime industry. In its journey, Shipskart has completed a total of 4 deals, with the most recent funding round occurring on July 12, 2022. The company raised USD 2.68 mn in a Seed round led by investors including Eternia Investments, Hermes, Motion Ventures, TMV, and Tradeworks.vc, bringing its total amount raised to USD 2.68 mn with a current valuation of USD 13.64 mn.Shipskart is a comprehensive e-commerce platform designed specifically for the maritime industry, offering a range of procurement solutions that streamline the purchasing process for provisions, bond, and consumable products. The core service allows clients, including shipping companies and maritime operators, to easily order necessary supplies without the need for prior registration, particularly for cash-on-delivery transactions. The platform features detailed product information and images, facilitating a user-friendly experience that enables customers to buy directly from wholesalers and original equipment manufacturers (OEMs). Shipskart serves a diverse clientele across various geographical markets, including India, Singapore, the Netherlands, Bangladesh, and several countries throughout Southeast Asia and Europe, positioning itself as a vital procurement tool for the modern marine workforce.For the most recent fiscal year ending in 2023, Shipskart reported revenue of USD 2,433,726.50 with an EBITDA of USD -233,249, indicating their operational financial position and highlighting the challenges they face in profitability.Following its most recent funding round on July 12, 2022, where Shipskart raised USD 2.48 mn in Seed funding, the company plans to utilize this capital to expand its footprint into additional countries through strategic partnerships and the establishment of physical offices and warehouses. This initiative aims to enhance operational capabilities and service delivery in new markets.

## Funding rounds

- Seed, Jul 12, 2022, $2.7M — Hermes, TMV, Motion Ventures, Tradeworks.vc, Eternia Investments

## Investors

- Hermes — Seed
- TMV (https://capitalatlas.ai/funds/tmv) — Seed
- Motion Ventures (https://capitalatlas.ai/funds/motion-ventures) — Seed
- Tradeworks.vc (https://capitalatlas.ai/funds/tradeworks-vc) — Seed
- Eternia Investments (https://capitalatlas.ai/funds/eternia-investments) — Seed