SaaS platform Shipturtle raises INR 3.5 Cr in Seed Round led by Inflection Point Ventures
Summary
Shipturtles full stack marketplace creation solution enables launching of a marketplace in minutes and scaling operations: streamlining & automating of inventory data, orders, payments, shipping operations & dashboards making them a critical enabler for e-commerce including D2C brands.Industry data suggests the total addressable market (TAM) for Shipturtles platform is over $70 billion. Moreover, the government thrust via ONDC will be a game changer for the industry, and Shipturtle can play a crucial role in the seller-buyer journey. It will help brands gain larger audiences and increase their sales while reducing heavy dependency on Amazon and Flipkart. The firm supports new-age entrepreneurs by providing them with monetary & experiential capital and connecting them with a diverse group of investors. IPV has announced the launch of a $50 million CAT 2 AIF Physis Capital to invest in pre-Series A to Series B growth-stage start-ups.