Logistics company ShipEase has raised $1 million in a pre Series A Round led by Inflection Point Ventures.
The funds will be utilized in expanding the team, improving the technology, developing new efficient products and brand building, ShipEase said in a press release.
ShipEase is a SAAS-based logistics provider helping D2C brands and SME e-tailers to make their supply chain efficient. The company offers automated shipping services and ships to more than 2,8000 pin codes with smart courier allocation.
Founded by Pawan Kumar, Lalit Singh and Ajay K, ShipEase claims to serve a wide seller base of more than 2,000 clients with a business quantum of over 3.5 lakh shipments per month. Also, the company claims to operate on a double-digit positive EBITDA as per July 2023 trends.
Last year, IPV announced the launch of a $50 million CAT 2 AIF Physis Capital to invest in pre-Series A to Series B growth-stage startups. So far, it has invested over Rs 600 crore across 190 deals.