Smart logistics management platform Shipsy raised $25 million in a Series B funding round co-led by A91 Partners and Z3 Partners with participation by existing investors Info Edge and Sequoia Capital India’s Surge. The new capital will be used to help Shipsy continue expanding its presence in the Middle East, India and Southeast Asian markets while growing internationally into Europe and the U.S. The new funds will also go towards advancing new technologies with more emphasis on boosting logistics sustainability, as well as driving its capabilities in artificial intelligence, machine learning and blockchain. Shipsy’s technology offering enables them to be the single partner of choice for enterprises who are transforming their logistics operations. Large category leading customers have been thrilled at the impact of Shipsy in their operations.
This funding follows Shipsy’s $6 million Series A funding in 2020 led by Sequoia Capital, India’s Surge, and Info Edge. Last year, Shipsy set up regional headquarters in Dubai to support its widening base of customers in the Middle East. More recently, the company set up an office in Indonesia to cater to its Southeast Asian customers. AI-powered platform and mobility suite seamlessly connects cross border and local logistics by automating operations and ensuring intelligent 3PL management. Shipsy’s intuitive platform provides complete visibility of first, middle and last-mile operations, unlocks operational efficiency, and leverages real-time analytics to make informed decisions.