# Shipsy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shipsy

- Industry: Software
- Headquarters: Gurgaon, India
- Website: www.shipsy.in
- Total disclosed funding: $31M
- Latest round: Series B (Feb 22, 2022)
- Investors on record: 5

## About

Founded in 2015, Shipsy is a Gurgaon-based company specializing in logistics software solutions that optimize and automate supply chain operations, enhancing visibility and efficiency across transportation processes.Shipsy, established in 2015 in Gurgaon, India, focuses on logistics management through its AI-powered platform. The company was co-founded by Dhruv Agrawal and Himanshu Gupta, and currently led by CEO Brian Smith. In February 2022, Shipsy secured USD 25 mn in SERIES B funding co-led by A91 Partners and Z3Partners, with additional participation from Info Edge (India) Limited and Surge. The total amount raised by the company stands at USD 25 mn, and it has completed 5 deals to date.Shipsy offers a range of logistics software solutions aimed at streamlining supply chain operations. Its core product is an AI-driven logistics management platform that provides end-to-end visibility for shipments, catering to various aspects from planning to execution. The platform supports industries such as logistics services, retail, manufacturing, and quick commerce, facilitating functionalities like real-time tracking and automated documentation management. Shipsy's influence spans multiple regions, including Asia-Pacific, North America, and Europe, serving to enhance digital transformation in logistics.In the most recent fiscal year 2022, Shipsy reported a revenue of USD 3,876,286 and an EBITDA of USD -2,353,157.3, reflecting the company's operational performance in the logistics software sector.Following its most recent funding round on February 22, 2022, Shipsy plans to utilize the USD 25 mn raised to accelerate its growth in the Middle East, India, and Southeast Asia, while also expanding into European and US markets. The company aims to develop new products to enhance its logistics management capabilities, positioning itself strategically for future market opportunities.

## Funding rounds

- Series B, Feb 22, 2022, $25M — Info Edge (India) Limited, A91 Partners, Z3Partners, Surge
- Series A, Nov 25, 2020, $6M — Info Edge (India) Limited, Surge
- Angel, Sep 18, 2015, $0.2M — RedCliffe Capital

## Investors

- RedCliffe Capital (https://capitalatlas.ai/funds/redcliffe-capital) — Angel
- Info Edge (India) Limited — Series A, Series B
- Surge (https://capitalatlas.ai/funds/surge) — Series A, Series B
- A91 Partners (https://capitalatlas.ai/funds/a91-partners) — Series B
- Z3Partners (https://capitalatlas.ai/funds/z3partners) — Series B