eShipz—a Bengaluru, India-based software-as-a-service (SaaS)-based startup offering shipping automation to SMBs and large enterprises, raised $700,000 in a seed round led by Indian Angel Network (IAN).
The round saw participation from existing investor Axilor Ventures. The startup is incubated by Axilor, JioGenNext, SAP Startup Studio, and IIM-B NSRCEL.
eShipz plans to utilize the fresh funds to improve its tech capability and build stronger teams. Part of the funding will be dedicated towards its expansion, geographically, with its beta launch first and full-fledged launch by end of the year.
Company: LogIQ Labs Private Limited
Raised: $700.0K
B Seed Round
Funding Month: September 2021
Lead Investors: Indian Angel Network (IAN)
Additional Investors: Axilor Ventures
Company Website: https://www.eshipz.com/
Software Category: Digital Shipping Platform
About the Company: eShipz is a Digital Shipping Platform for Creating the best Pre & Post Shipping Experiences for Brands and Enterprise Customers. and help grow their business by 5X with automation & cloud technology. The founding team including Shashi S Tripathi, Shivadeep Mahadi, and Ajaykumar R, comes with a combined logistics experience of over 25 years and more than 15 in product development. Realizing the need for shipping automation in the business-to-business (B2B) segment, they commercially launched eShipz in January 2020.
Source: https://www.entrepreneur.com/article/385921