Shipturtle, an India-based SaaS platform, raised INR 3.5 crore in a Seed funding round led by Inflection Point Ventures.
The funds will be used to strengthen the company's technology and expand its customer reach globally.
"Our vision is to enable brands to Sell More Together. We want to democratize e-commerce and give thousands of brands access to more selling channels beyond Amazon and Flipkart. With Shipturtle, any brand can seamlessly offer other complimentary brands to their customers - increasing AOV, conversions, and revenue, while lowering CAC, all with zero investment or risk," said Sharad Kabra, founder of Shipturtle.
Shipturtle's plugin integrates with established cart platforms like Shopify and WooCommerce to help brands and marketplace players discover other brands on Shipturtle's brand directory and connect with them with a no-code onboarding process.
Once connected, Shipturtle handles all the workflows related to products, inventory, orders, and payments, making it easy for brands and marketplaces to grow their businesses.
The startup aims to become the world's largest brand directory by enabling brands to sell more together.
Company: Shipturtle Apps Private Limited
Raised: INR 3.5 Crore
Round: Seed Round
Funding Month: May 2023
Lead Investors: Inflection Point Ventures
Company Website: https://www.shipturtle.com/
Software Category: e-Commerce Software
About the Company: Shipturtle is a provider of a multi-channel and multi-vendor management tool designed to convert an e-commerce website into a drop shipper or marketplace. The company's tool integrates with major shipping companies and has features to manage commissions and reconciliations, enabling online stores to manage inventory and orders across multiple vendors. Shipturtle helps e-commerce stores create custom vertical marketplaces via brand collaborations and provides Amazon seller central–like tech for vendors to easily list on the merchant website. Merchants across all major website platforms like Shopify, Woocommerce, and Magento can integrate with Shipturtle. The company offers merchants and their vendor's full suite offerings across Shipping, Invoicing, and Payments and integrations with 100s of APIs like FedEx, DHL, Paypal, Stripe, Shopify, Woocommerce, etc.