Shipsy Strengths, Domain Expertise, and Key Differentiators
Shipsy's transformative impact is its seamless integration of Cloud technology. The platform leverages the scalability and flexibility of the Cloud to provide organizations with a robust and reliable infrastructure. This ensures that logistical operations can be scaled up or down with ease, aligning perfectly with the dynamic demands of the global trade landscape. With Cloud integration, Shipsy empowers businesses to break free from traditional constraints and embrace a future-ready logistics ecosystem. Collaboration is a cornerstone of success in global logistics, and Shipsy recognizes this by offering intelligent 3PL management. The platform facilitates seamless communication and collaboration among multiple parties involved in the supply chain. From suppliers to logistics providers and end customers, Shipsy ensures that information flows effortlessly, enabling a synchronized and efficient supply chain. This smart 3PL management capability cements Shipsy's position as a facilitator of collaborative and interconnected logistics ecosystems.
Shipsy Recent Developments
The SaaS-based smart logistics management provider, a trailblazer in its domain, made headlines earlier this year by securing a substantial funding round. The company successfully raised an impressive USD 25 million in a funding round led by A91 Partners and Z3 Partners. Notably, existing investors, including Info Edge and Sequoia Capital India's Surge, also participated in this funding round. The infusion of capital has propelled the company's total funding to a remarkable USD 33 million, signifying a strong vote of confidence from both new and existing investors.
In the ever-evolving landscape of international logistics, Shipsy has emerged as a frontrunner, leveraging cutting-edge technology to revolutionize the way businesses manage their cross-border movements. The recent launch of Shipsy's self-serve, plug-and-play international logistics management solution is set to reshape the dynamics for small and mid-sized exporters-importers, manufacturers, shippers, and freight forwarders based in India. The platform, fueled by advanced AI, automation, and predictive analytics, offers a seamless experience with no setup hassles. This move comes as a strategic response to the challenges faced by SMEs in the absence of robust technological infrastructure. Shipsy's solution empowers businesses to optimize freight rates, make spot inquiries, track container movements in real-time, and gain invaluable insights on incidental costs.
Shipsy Mergers and Acquisitions (M&A) Activities
In 2023, Shipsy's acquisition of Stockone underscores the industry's increasing reliance on cloud-based solutions. By assimilating Stockone's cloud-based Warehouse Management System into its portfolio, Shipsy is poised to offer an integrated logistics solution that leverages the scalability, flexibility, and accessibility inherent in cloud computing. This move aligns with the industry's overarching trend of migrating operations to the cloud, ensuring real-time data access, enhanced collaboration, and improved overall efficiency.
Shipsy Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Shipsy applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Shipsy and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Smart Logistics Management Platform, Stockone Warehouse Management System customers.
Shipsy Overview
Plot 149, 3rd Floor, Anu Tower, Sector 44
Gurugram, x, 122003, India
91 782 791 5134
https://www.shipsy.io/
Ownership: - x
Number of Employees: 350
Functional Markets: eCommerce, SCM,
Key Verticals: Distribution, Manufacturing, Professional Services, Retail,
Shipsy Key Enterprise and Cloud Applications
Smart Logistics Management Platform, Stockone Warehouse Management System
Shipsy Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Shipsy Revenue Breakdown By Type, $M:
Shipsy Enterprise Applications Revenues By Functional Markets, $M:
Shipsy Enterprise Applications Revenues By Verticals, $M:
Shipsy Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Shipsy Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Shipsy Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Shipsy Customers
No. of Shipsy Customers: 250
No. of Shipsy Enterprise Applications Customers: x
No. of Shipsy Cloud Customers: x
No. of Shipsy Cloud Subscribers: 150000
Among their customers are: UPS, Udaan, Tikka, Tata Steel, Tata Motors, STL, Starlinks, SBT, SAB, Reliance Industries Limited, Pan Home Furnishings, Oriental, Motherson, Jubilant FoodWorks, JSW, Jones Transport, Jeebly, Vedanta Limited, Usha Martin and many others.
Shipsy Market Opportunities, M&A and Geo Expansions
The Middle East, a hub of economic activity, is witnessing a surge in logistics requirements, driven by the region's booming e-commerce sector, increased international trade, and the need for robust supply chain management. Shipsy's expansion is strategically timed to ride this wave and cater to the evolving needs of businesses operating in the Middle East. The company's commitment to innovation and data-driven decision-making positions it as a trailblazer in revolutionizing logistics operations in the Middle East and beyond. With a foundation built on advanced technologies, Shipsy is not only meeting the current demands of the industry but also paving the way for the future of logistics.
Shipsy Risks and Challenges
Indian IT industry stands at the crossroads of unprecedented growth and challenges. As an industry analyst, navigating this landscape requires a holistic understanding of technological trends and an insightful evaluation of risks. By addressing internal and external risks, talent shortages, and go-to-market challenges, organizations can position themselves strategically to thrive in the dynamic and competitive Indian IT ecosystem. Embracing innovation while mitigating risks is the key to long-term success in this ever-evolving industry.
Shipsy Ecosystem, Partners, Resellers and SI
Shipsy's recent partnership with one of Germany's largest logistics companies and a European retail giant exemplifies the company's dedication to building a robust ecosystem. Collaborations like these are the bedrock of innovation, allowing Shipsy to leverage the expertise and resources of established industry players. These partnerships open doors to shared knowledge, fostering an environment where cutting-edge technologies can be integrated seamlessly into the logistics landscape. In a strategic move to solidify its European presence, Shipsy unveiled its Innovation Center in the Netherlands. This center serves as a hub for research and development, bringing together experts, engineers, and innovators to collaborate on the next wave of logistics technology. The Innovation Center represents Shipsy's commitment to staying ahead of the curve, driving technological advancements that will shape the future of logistics in Europe and beyond.
Businesses must embrace a holistic approach to technology adoption. The interplay between these transformative technologies is creating a digital symphony, and IT leaders must conduct this orchestra with finesse. In the pursuit of innovation and efficiency, the collaboration between direct sales, ecosystem partners, and technology integrations will be the key to unlocking the full potential of the digital era.
Shipsy Cloud Infrastructure Insights
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- Shipsy Public Cloud and Infrastructure (IaaS)
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- Shipsy Application Delivery
- Shipsy Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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