A seed funding round led by the Deepak Bhagnani Family Office has raised Rs 6.5 crore ($768K) for the logistics tech startup Shiplog. Having previously been bootstrapped since its founding in 2022, this is Shiplog’s first outside funding.
The money raised will be utilized to advance its operations in Delhi-NCR, India’s biggest market for speedy deliveries, upgrade its technological infrastructure, and deploy AI-powered inventory management systems.
Shiplog, based in Gurugram, offers 4-hour, same-day, and next-day delivery via a network of dark stores and specializes in quick last-mile delivery for D2C and e-commerce companies.
According to Shiplog, it processes more than 15,000 orders every day. With the new funding, the company hopes to triple its monthly revenue rate (MRR) in six months.
Brands can lower Return to Origin (RTO) rates and expedite delivery times with the startup’s tech-enabled delivery platform, which combines inventory management, routing, and order tracking.
Additionally, the company uses electric vehicle (EV) transportation to lessen its environmental impact and logistics costs.
