A Delhi-based B2B ecommerce startup, ShipsKart (1), has recently announced that it has secured 2,25,000 USD in its Pre-Series A funding round. Betatron, a VC firm, and startup accelerator led the current fundraise. The company would utilize the fresh tranche for its global expansion and establish aggregator centers in India and overseas.
ShipsKart is also planning to upgrade its processes of supply chain and procurement. As per the statement of Matthias Knobloch, the Managing Partner of Betatron, ShipsKart is offering its services to ship operators and owners at a reasonable time as the segment is undergoing a digital transformation. He added that the team is delighted to work with the startup. With our investment and network, it would be easier to ramp up the procurement processes to key ports across Asia and globally.
ShipsKart Aims to Revolutionize Maritime Procurement
Vivek Sahi, Sunny Bagla, and Dhruv Sawhney founded ShipsKart in 2018. They aim to improve the maritime industry’s speed, timeliness, efficiency, and quality procurement process. The company is working hard to join the fragmented procurement and supply chain in the marine and offshore segments. The company has offices in Delhi, Dubai and the Netherlands.
Sunny, the Co-founder and CEO of ShipsKart, while commenting on the latest investment, stated that the fresh infusions come at a very critical time. The startup is looking to expand into new locations across the globe. It is a step further for their mission to revolutionize maritime procurement processes.
As per the estimates, the logistics market in India will reach approximately 215 billion USD by 2020. It is growing at 10.5% CAGR. The mission of the ShipsKart is to support and reinforce the team and processes of procurement and supply chain of maritime and offshore companies. It would save a significant amount of money by saving on operational purchases while getting a reliable and assured quality and delivery.
Author: Rucha Joshi
Source : https://timesnext.com/shipskart-secures-225000-usd-pre-series-a/
Date : 2020-09-29T05:33:58.000Z