Shiplog, a logistics tech startup based in Gurugram, has secured Rs 6.5 crore (approximately $768K) in its seed funding round, led by the Deepak Bhagnani Family Office. This marks the company’s first external funding since its inception in 2022, after operating as a bootstrapped entity.
Strengthening Tech Infrastructure and Expanding Operations
The funds raised will be directed toward enhancing Shiplog’s technology infrastructure, with a focus on integrating AI-driven inventory management solutions. The startup plans to expand its operations in Delhi-NCR, India’s largest market for quick deliveries, to better cater to the growing demand for fast and efficient last-mile delivery services.
Specializing in Rapid Last-Mile Delivery for D2C and E-Commerce
Shiplog specializes in offering rapid last-mile delivery solutions for Direct-to-Consumer (D2C) and e-commerce businesses. Its services include 4-hour, same-day, and next-day deliveries through a network of strategically located dark stores. This enables Shiplog to provide swift and reliable delivery options for businesses looking to meet consumer demand for quick order fulfillment.
Scaling Up with Ambitious Growth Plans
With a current processing volume of over 15,000 orders daily, Shiplog is poised for significant growth. The fresh infusion of capital will allow the company to scale its operations and triple its Monthly Recurring Revenue (MRR) within the next six months, solidifying its position as a leading logistics provider in India.
Tech-Enabled Platform for Enhanced Efficiency
Shiplog’s platform combines cutting-edge technology to streamline delivery processes. Its tech-enabled delivery solution integrates inventory management, routing optimization, and real-time order tracking, enabling brands to reduce Return to Origin (RTO) rates and improve overall delivery timelines. These efficiencies not only enhance customer satisfaction but also contribute to more sustainable logistics practices.
Commitment to Sustainability with Electric Vehicles
In its commitment to reducing logistics costs and environmental impact, Shiplog incorporates electric vehicles (EVs) into its transportation network. By leveraging EVs, the startup aims to cut down on carbon emissions and operational costs, aligning with the global shift toward more sustainable practices in the logistics industry.