ShipEase raises $1 million in pre-series A round

Logistics firm ShipEase has successfully secured $1 million in a Pre-Series A funding round led by Inflection Point Ventures. The raised capital will be strategically allocated towards team expansion, technological enhancements, the creation of efficient new products, and brand development. ShipEase, a SAAS-based logistics provider, primarily caters to Direct-to-Consumer (D2C) brands and small to medium-sized e-tailers, streamlining their supply chains. The company offers automated shipping services, covering over 28,000 pin codes and employing intelligent courier allocation.Founded in 2020 by Pawan Kumar, Ajay K, and Lalit Singh, ShipEase's technology-driven approach addresses a crucial aspect for D2C brands—efficient supply chain management. Vikram Ramasubramanian, Partner at Inflection Point Ventures, emphasized the pivotal role logistics play, particularly for D2C brands where managing supply chains constitutes a significant cost component. He highlighted that ShipEase's tech-oriented platform could aid emerging brands in reaching customers swiftly while maintaining cost-effective logistics.To ensure secure and punctual movement of high-value goods, ShipEase employs technology features such as product tracking and non-delivery report (NDR) management. The company's technology-enabled logistics solution offers comprehensive automation for diverse delivery requirements.Inflection Point Ventures, as an angel investing platform, has already invested over Rs 600 crores across 190 deals, marking its significant presence in the investment landscape.