Shippit wraps up $500,000 funding round
Summary
The hunt for seed funding might feel like a distraction at the time, but it’s a period of reflection that can be valuable in more than just financial terms, according to Shippit co-founder Rob Hango-Zada. The Sydney-based startup is trying to make missing parcels a thing of the past and has just closed a $500,000 seed investment round. “Securing an investment can feel like a distraction, but it’s a worthy one that makes you look into the viability of your business model and helps you refine it,” Hango-Zada says. “Patience is really important, and you can’t lose focus.” Shippit works mainly with retailers who ship packages to customers, and will use the cash injection to build its team and deal with the increasing demand for its services. The startup has been growing continually this year, he says, with clients now including the Academy Brand, Urban Couture and Seletti.
Classifications
AskAI Classifications
LabelsLinked Companies
