startup funding

Gurgaon-Based Logistics Startup Shipsy Raises Angel Round

Gurgaon-Based Logistics Startup Shipsy Raises Angel Round

shipsy funding

Gurgaon-based Llama Logisol Pvt Ltd, which owns and operates on-demand logistics service provider Shipsy, has raised an undisclosed amount from a group of angel investors led by Dheeraj Jain, partner at Redcliffe Capital, a UK-based hedge fund.

Other investors who participated in the funding include early stage investor Udaan Angel Partners and India-based wealthy individuals such as Nittin Passi, Ankit Jhunjhunwala and Vishal Chandra.

Founded early this year by three IIT graduates Soham Chokshi, Dhruv Agrawal and Maharshi Devraj, Shipsy offers free pickup and free packaging for parcels and sends them anywhere across the globe using an economical and reliable courier service.

The fresh funding will be used by the startup in team expansion and marketing.

Shipsy, currently operating in Gurgaon, caters to individual customers and also works with small and medium enterprises and has tied up with almost 50 of them. The company gets close to 20-30% business from individual customers while the rest comes from small and medium enterprises.

The cheapest offer Shipsy has on its platform is of flat Rs.49 for a 500 gram parcel to be delivered anywhere across the country.

Shipsy competes with other similar players such as Bangalore-based Parcelled and Pickingo, an on-demand logistics startup, also from Gurgaon.

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Founding editor at IndianWeb2, he's been writing at IndianWeb2 since 2007. Apart from blogging he had a professional career of software developer, Ux developer and search engine marketer in past. His vision of IndianWeb2 has been laid down so as to showcase, encourage and propagate Indian startups, innovation and entrepreneurship ideas.

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