[Funding alert] SaaS startup eShipz raises $700K led by IAN, Axilor
Summary
eShipz, a SaaS-based startup offering shipping automation to SMBs and large enterprises, on Thursday said that it has raised $700,000 in a funding round led by Indian Angel Network. The founding team including Shashi S Tripathi, Shivadeep Mahadi, and Ajaykumar R, identified gaps in the supply chain and logistics support for businesses. “Indian express courier industry processes more than 2.8 billion packages annually, growing rapidly at a CAGR of 19 percent YoY. Against this backdrop, the solutions of eShipz are well-placed to help lakhs of large as well as small online businesses by saving them time and money. We wish the founders good luck in their future endeavours.” “eShipz is digitising a traditional supply chain which has low technology adoption.