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INDUSTRY FIRST

Shiprocket Invests $1.5 Million In Saas Platform Logibricks

Feb 04, 2022over 3 years ago

Amount Raised

$1.5 Million

Round Type

seed

Delhi

Description

New Delhi: Tech-enabled logistics and fulfillment platform Shiprocket on Friday said it has invested $1.5 million in Logicbricks, a SaaS platform that enables online retailers to manage their end-to-end operations.

Company Information

Company

Logibricks

Location

Delhi, Delhi, India

About

The company is working on multiple solutions that it plans to implement in the near future, and the latest funding will act as a launchpad for the same. The SaaS platform is aiming to introduce integrated seller onboarding and product cataloging for marketplaces, alongside improving consumer analytics and engagement to help sellers increase their sales. Additionally, the firm also plans on building payment reconciliation for marketplaces and payment gateways. This is united with Shiprocket's mission to provide simple solutions to online sellers, and the firm believes that Logibricks' innovative tech-led solution will allow it to scale and bolster its infrastructure further. The platform helps D2C players and retailers manage their online business, offline stores as well as B2B sales channel under a single roof. Logibricks will use the fresh funds to revamp its current product and launch its upgraded platform by April 2022 apart from hiring more talent and product innovation. “Logibricks is committed to solving the issue of retailers having to seek multiple platforms to run their business. Saahil Goel, cofounder and CEO of Shiprocket said, Logibricks is a full-stack solution to ensure that online retailers can avail multiple services under a single umbrella.

FundzWatch™ Score

89
Medium Activity