ShipGlobal raises $2.5 million from InfoEdge Ventures
ShipGlobal will utilise funds to strengthen tech platform, expand to new geographies & enable global fulfilment options
(From left): Angad Arora, Aayush Anand and Vaibhav Kapur
ShipGlobal has raised $2.5 million in funding from InfoEdge Ventures, an early-stage venture capital fund backed by InfoEdge and Temasek.
The funds will be utilised to accelerate technology capabilities and expand to other countries, reinforcing the company’s commitment to cross-border logistics innovation, says an official release.
Co-founded by Aayush Anand, Angad Arora and Vaibhav Kapur in 2022, ShipGlobal helps SMEs in India to go global by providing them with cost-effective and reliable logistics solutions. Within a year of operations, the company has expanded to over 15 offices in India and delivered over half a million packages with a gross merchandise value of over Rs 3,000 crore, the release added.
Aayush Anand, Co-founder and CEO, ShipGlobal says: “We continue on our path to become a preferred logistics partner for SMEs and look to leverage any strategic opportunities. The funding is an indicator of the company’s strong unit economics and the validation of our business model. With this round, we are aiming to elevate our technology, streamline operations, expand export routes, and optimise our network. We intend to be the guiding light for Indian SME businesses in global trade.”