Inflection Point Ventures, the pre-Series A round leader, has raised $1 million for the logistics company ShipEase.
According to a press release from ShipEase, the money will be used to grow the team, advance the technology, create new, effective products, and build the company’s brand.
A SAAS-based logistics company called ShipEase helps D2C brands and SME e-tailers optimize their supply chains. With intelligent courier allocation, the company provides automated shipping services to more than 2,8000 pin codes.
ShipEase, which was founded by Pawan Kumar, Lalit Singh, and Ajay K, states that it serves a large seller base of over 2,000 clients and processes more than 3.5 lakh shipments each month. Additionally, according to July 2023 trends, the company claims to generate an EBITDA that is double-digit positive.
The launch of a $50 million CAT 2 AIF Physis Capital, which will invest in pre-Series A to Series B growth-stage startups, was announced by IPV last year. Over Rs 600 crore have been invested so far across 190 deals.
