ShipEase, a Gurgaon, India-based SaaS-based logistics provider helping D2C brands and SME e-tailers to make their supply chain efficient, raised $1 million in pre-Series A funding.
SaaS Investors
Inflection Point Ventures led the round.
Inflection Point Ventures is an early-stage angel investing platform that provides both monetary and non-monetary support to startups and complete transparency around valuation, findings during due diligence, and personal interest (if any) to its investors.
ShipEase Use of Funds
The funds secured will be used to expand the team, enhance the technology, develop new efficient products, and build the brand.
About ShipEase
Founded in 2020 by Pawan Kumar, Ajay K, and Lalit Singh, ShipEase is a SaaS company that provides a logistics platform designed to assist D2C brands and SME e-tailers in optimizing their supply chain and logistics processes. They believe that every e-commerce seller (Long Tail as well as D2C brands) has what it takes to stay competitive.
Funding Details
Company: ShipEase Technologies Pvt Ltd
Raised: $1.0M
Round: Pre-Series A
Funding Month: August 2023
Lead Investors: Inflection Point Ventures
Additional Investors:
Company Website: https://shipease.in/
Software Category: Logistics Software
Source: https://www.entrepreneur.com/en-in/news-and-trends/shipease-raises-1million-in-pre-series-a-funding/458304