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Shipsy Bags $25 Million In Funding, Eyes Global Expansion

PRIVATEFeb 23, 2022•about 4 years ago

Amount Raised

$25 Million

Mumbai

Description

Mumbai: Shipsy, a software-as-a-service or SaaS-based logistics management platform, has raised $25 million in a funding round co-led by A91 Partners and Z3Partners. The round also included existing investors Info Edge and Sequoia Capital India’s Surge.

Company Information

Company

Shipsy

Location

Mumbai, Maharashtra, India

About

The company will use the funds to grow in the Middle East, India and Southeast Asia, while accelerating expansion into new markets such as Europe and the US, it said in a release. The company also recorded 2.5x growth in its annual recurring revenue (ARR) and grew its customer base by 75% last year, the company said.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, FundzIQ™ for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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