Tech Mahindra and Shipsy Partner to Build AI-Native Supply Chain Ecosystem Across UK and Europe

Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions, has announced a strategic partnership with Shipsy, a Gartner-recognized AI-native transportation management platform, to accelerate AI-led innovation in the UK and Europe’s supply chain sector.

The collaboration aims to address mounting pressures on supply chains—ranging from cost and speed to sustainability and geopolitical uncertainty—by embedding scalable, responsible AI into logistics workflows. This initiative is part of Tech Mahindra’s “AI Delivered Right” strategy, which focuses on delivering transformative, enterprise-grade solutions that enhance visibility, optimize operations, and enable intelligent decision-making.

Our partnership with Shipsy helps customers navigate today’s supply chain challenges by building an AI-native ecosystem that empowers businesses to operate with precision, agility, and resilience, said Harshul Asnani, President and Head – Europe Business, Tech Mahindra.

Shipsy’s platform, recognized in Gartner’s 2024 and 2025 Magic Quadrants for Transportation and Warehouse Management Systems, leverages Agentic AI to drive autonomous logistics transformation for over 150 customers across 30+ countries. The company operates from hubs in London, Amsterdam, Riyadh, Dubai, Singapore, and Sydney, with innovation centers in India.

A key highlight of the partnership is its role in empowering Smiths News, a leading UK distributor of newspapers and magazines, to diversify its early-morning delivery portfolio using AI-driven precision. With the UK ranked as the third-largest e-commerce market globally and projected to reach $927.9 million by 2030, the alliance is expected to deliver significant value to retailers and logistics service providers.

We are delighted to partner with Tech Mahindra to bring AI-native solutions to the European supply chain landscape, said Soham Chokshi, Co-Founder & CEO of Shipsy. This alliance will enable enterprises to scale intelligently, make logistics management autonomous, and deliver exceptional customer experiences.

The partnership underscores a broader industry shift toward intelligent, resilient, and customer-centric supply chain operations—driven by AI and digital transformation.

Backed by A91 Partners and Z3Partners, Shipsy Launches Plug-and-Play Export-Import Logistics Management Platform

Shipsy’s industry-leading solution leverages integration with 64+ shipping lines, 300+ freight forwarders, an adapted network of 20,000+ global shippers, and 50+ 3PLs worldwide. It empowers Indian exporters and importers to:

• Reduce cross-border logistics expenses
• Track container shipments in real-time
• Plan shipments weeks in advance

Shipsy, a leading global smart logistics management technology provider, launched the self-serve, plug-and-play version of its international logistics management solution for growing global businesses based in India. It will enable small and mid-sized exporters-importers, manufacturers, shippers, and freight forwarders to manage the cross-border movement of their goods at scale using Shipsy's advanced, no-setup, and ready-to-access platform per their requirements.

Shipsy’s export-import logistics management platform leverages the power of advanced AI, automation, and predictive analytics to empower businesses to access the best freight rates, make spot inquiries, track container movement in real time, gain essential insights and alerts on incidental costs, and much more.

Shipsy’s Vessel Schedules Tracker allows shippers to plan their consignments weeks ahead, save significantly on transportation costs, and meet customer expectations. Besides, the Indicator of Carbon Emissions (ICE) helps shippers monitor carbon emissions to enable data-driven decision-making for executing carbon-neutral strategies.

“Growing global commerce presents a fantastic potential for business growth. However, the lack of technological infrastructure challenges SMEs in realising optimisation and improving business outcomes. Our latest solution is a step towards empowering manufacturers and shippers save costs and boost operational efficiencies so they can tap into the market’s growth and bolster their endeavors to expand into newer geographies,” said Soham Chokshi, CEO and Co-Founder, Shipsy.

To know more about the solution, click here. Shipsy's international logistics management platform leverages a seamless, out-of-the-box collaboration with 64+ shipping lines, 300+ freight forwarders, an adapted network of 20,000+ global shippers, and 50+ third-party logistics services providers to deliver transformational business outcomes for Indian SMEs. The SaaS leader is also working towards establishing itself as a platform company launching diverse logistics services.

“We're working on enabling easier access to trade financing options, trade insurance, and payments processing to truly partner with the Indian shippers' community on their growth journey. Such integrated services will expand our operational ambit so we can create value for stakeholders of all sizes,” Chokshi added.

About Shipsy:

Shipsy enables businesses worldwide to build resilient, connected, agile, sustainable, and autonomous supply chain and logistics operations. Its smart logistics management platform empowers businesses to significantly reduce operating costs, lower carbon footprint, enhance customer experiences, boost delivery productivity, and drive seamless cross-border freight movement. Shipsy's 350+ team is based out of India, Dubai, and Indonesia serving 200+ customers across the globe. Shipsy tracks 650,000+ containers per month, procures freight worth $150mn+ per month, and powers 60mn+ parcels per month. On a broader perspective, Shipsy has integrations with 64+ major shipping lines, 50+ third-party logistics companies, 300+ freight forwarders, 50+ customs agents, and a network of over 20,000 global shippers. To know more about us, please visit www.shipsy.io.

Shipsy Secures $6 Mn in Series A Funding Co-led by Sequoia Capital India’s Surge, Info Edge To Build the World’s Largest Shipping Platform for global trade

Shipsy's Core Team Members

New Delhi, November 25th 2020: As firms globally look to digitize and automate their supply chains, Shipsy - a SaaS based venture empowering shippers and logistics companies to digitize and automate their operations, has raised $6m in Series A funding co-led by Sequoia Capital India's rapid-scale up program Surge, and existing investor Info Edge.

Shipsy is creating the largest global trade network by bringing all stakeholders of the International logistics ecosystem on a single platform. The approach is to create a strong SaaS workflow management platform that allows network participants to collaborate and work together, reducing process bottlenecks, enhancing efficiency and bringing transparency. Shipsy boasts of processing 10% of India's trade as well as having the biggest 3PL company, the largest exporter and retailer along with the largest QSR chain amongst their clientele.

Soham Chokshi, Co-founder and CEO of Shipsy says "The platform helps shippers reduce freight costs by automating and digitizing freight negotiations, reducing incidental charges, significantly improving shipping turnaround time and minimising working capital loss for shippers through advanced machine learning models."

"Owing to a substantial increase in the demand for our solution, it was important to leverage the momentum and look out for global investment partners in our next leg of our journey. The money raised will help fuel our growth and enable us to become a market leader, allowing us to continue our aggressive geographical expansion, besides investing in product innovation to keep us ahead of the curve. While we have run our venture profitably, it was critical for us to partner with like-minded global investors in our journey as we venture into larger markets", Soham added.

More than 120 enterprises, including 5 of the top 10 exporters of India are among Shipsy's clients today. Strong word-of-mouth and referrals from the top names have aided the multifold growth over the last 1 year. As for the business, revenues have grown over 3 fold in the last year and a half. The company has substantially increased its customer base by over 2x just over the lockdown period as enterprises look out for a digital solution to manage shipments.

Commenting on the follow-on fundraise, Mr. Sanjeev Bikhchandani, Founder and Executive Vice Chairman of Info Edge added "Shipsy's team has a customer-first approach and their software product solves for opacity in the logistics supply chain for enterprises using intuitive workflow automation. The product has seen great adoption from large Indian as well as overseas corporates with significant cost reduction for them. We are excited to continue backing the team as Shipsy is evolving into a global B2B product being built and scaled from India."

Shipsy was co-Founded in June 2015 by IITians Soham Chokshi, Dhruv Agarwal, Himanshu Gupta, and Sahil Arora. The company inducted Harsh Kumar, ex co-founder of cogoport, in the management as Chief Strategy Officer and also got in Mr. Arun Kumar to lead people success initiatives. Shipsy's platform helps enterprises manage their end-to-end logistics across multiple modes and also collaborate more efficiently with their vendors onboarded on the platform. 

Seeing the needs of the market where players needed real-time visibility and reduced costs, the team set out to build a Bloomberg-like platform for supply chain management—creating the largest supply chain network by bringing all participants such as exporters, importers, third party logistics, shipping lines, banks, insurance companies on a single platform. 

Recently the company also launched the Network module for SME-MSME, onboarding over 5000 shippers and giving them access to the digital platform featuring competitive vendors to help lower their cost. Shipsy, which has raised about Rs 10 crore till date, has customers across Dubai, Saudi Arabia, North Africa, Singapore and Malaysia and its network is used by India's largest petrochemical, steel, rice and textile exporters.

About Surge

Surge is Sequoia Capital India's rapid scale-up program for startups in India and Southeast Asia. Surge combines $1 million to $2 million of seed capital with company-building workshops, a global curriculum and support from a community of exceptional mentors and founders. The program's goal is to supercharge early-stage startups and give founders an unfair advantage, right out of the gate. For more information on Surge, visit www.surgeahead.com.

Info Edge (NSE: Naukri) is India's largest listed internet company with a market cap of around USD 7 billion. It has been a very active early stage investor in Indian technology startups for over a decade now and has backed companies like Zomato, Policybazaar among others as the first institutional investor. Info Edge owns and runs leading internet businesses – Naukri.com, 99acres.com, Jeevansathi.com, iimjobs.com.

DTDC Express Picks Up 20% Stake in Logistics Solutions Startup Shipsy for Over $1M

Courier service company DTDC Express Ltd has picked up 20% stake in logistics solutions startup Shipsy for an amount of over $1 million. Owned and operated by Llama Logisol Pvt Ltd, Shipsy was founded in June 2015 by four IIT graduates Soham Chokshi, Dhruv Agrawal, Maharshi Devraj, and Himanshu Gupta.

The raised funding will be used by the startup to strengthen its technology infrastructure and build on the solutions being offered. The association with DTDC, would also ensure stability in revenues, with the company hoping to achieve breakeven within the next financial year.

"This also gives a strong entry point for Shipsy to partner with other leading companies in the Supply Chain spectrum being slightly strategic in nature also marks a broader trend in the startup landscape of moving to sustainable business models with a strong focus of value creation and revenue generation," the company said.

In September 2015, Shipsy raised an undisclosed amount of funding from a group of angels including Dheeraj Jain, managing partner of Redcliffe Capital.

The Gurgaon-based startup initially started off as a C2C logistics company, but soon realized that the bigger problem to solve was smarter decision making using the vast amount of data available – location intelligence, last mile delivery optimization and supply chain planning. Seeing the big demand for this in enterprises across the spectrum, Shipsy started working with some of the leading logistics companies. The work done is divided into three broad categories: Architecture design for business intelligence; Intelligent systems for critical business processes and Analytics platform for actionable insights.

Although most of the paying clients Shipsy has are in the Supply Chain industry, the team has created a platform generic enough to sit on top of any company’s database collection and, using machine intelligence, explores all of a company’s databases providing a single view across all of the systems. They have been in talks with companies in the financial industry for data driven detection on financial fraud for the same.

In terms of the road forward, the company plans to establish itself as a leader in the field of data driven decision making and creating scalable platforms around the same.

GoodsOnMove, an on-demand logistics aggregator for relocation and trucking services, is also in advanced talks with potential investors to raise seed funding. Other logistics ventures like Moovo, BlackBuck, TruckMandi, theKarrier, The Porter, Rivigo, Grab and Blowhorn have already funding.

DTDC Express Picks Up 20% Stake in Logistics Solutions Startup Shipsy for Over $1M

Courier service company DTDC Express Ltd has picked up 20% stake in logistics solutions startup Shipsy for an amount of over $1 million. Owned and operated by Llama Logisol Pvt Ltd, Shipsy was founded in June 2015 by four IIT graduates Soham Chokshi, Dhruv Agrawal, Maharshi Devraj, and Himanshu Gupta.

The raised funding will be used by the startup to strengthen its technology infrastructure and build on the solutions being offered. The association with DTDC, would also ensure stability in revenues, with the company hoping to achieve breakeven within the next financial year.

"This also gives a strong entry point for Shipsy to partner with other leading companies in the Supply Chain spectrum being slightly strategic in nature also marks a broader trend in the startup landscape of moving to sustainable business models with a strong focus of value creation and revenue generation," the company said.

In September 2015, Shipsy raised an undisclosed amount of funding from a group of angels including Dheeraj Jain, managing partner of Redcliffe Capital.

The Gurgaon-based startup initially started off as a C2C logistics company, but soon realized that the bigger problem to solve was smarter decision making using the vast amount of data available – location intelligence, last mile delivery optimization and supply chain planning. Seeing the big demand for this in enterprises across the spectrum, Shipsy started working with some of the leading logistics companies. The work done is divided into three broad categories: Architecture design for business intelligence; Intelligent systems for critical business processes and Analytics platform for actionable insights.

Although most of the paying clients Shipsy has are in the Supply Chain industry, the team has created a platform generic enough to sit on top of any company’s database collection and, using machine intelligence, explores all of a company’s databases providing a single view across all of the systems. They have been in talks with companies in the financial industry for data driven detection on financial fraud for the same.

In terms of the road forward, the company plans to establish itself as a leader in the field of data driven decision making and creating scalable platforms around the same.

GoodsOnMove, an on-demand logistics aggregator for relocation and trucking services, is also in advanced talks with potential investors to raise seed funding. Other logistics ventures like Moovo, BlackBuck, TruckMandi, theKarrier, The Porter, Rivigo, Grab and Blowhorn have already funding.