Info Edge (India), which runs Naukri.com has invested Rs 5 Crore in digital logistics platform named Shipsy on Friday, November 15th. The Gurugram- based start-up is believed to invest the series A rounds towards sales and marketing, and as well as for broadening product offerings of its EXIM platforms. This will enable them to prepare itself for an organic geographical expansion beyond the Indian market.
Created in June 2015, Shipsy was launched with the vision to digitize the logistics ecosystem.
Initially Shipsy offered solutions for both courier agencies and shippers. Later, it diversified and expanded its services to the logistics ecosystem. Shipsy was co-founded by Soham Choksi and Dhruv Aggarwal, and it was later joined by Himangshu Gupta and Sahil Aurora. In the year 2018-19 Shipsy had a turnover of Rs 5.6 Crores.
Recently, Info Edge (India) has invested in a number of companies including Zomato, Applect, Policybazar, Kinobeo Software and Happily Unmarried among many others. In a regulatory filing, Info Edge (India) said it has agreed to acquire 2,005, or 0.01 per cent, Series A1 compulsorily convertible preference shares having a face value of Rs 10 each.
“The aggregate shareholding of the company, post this investment, in the said entity would be 10 per cent on a fully converted and diluted basis,” a statement said.