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  • Year-Ender quote on Logistics Sector – By Mr. Soham Chokshi, Co-Founder and CEO, Shipsy

    Published on December 29, 2021

    By Soham Chokshi, Co-founder and CEO, Shipsy

    “Quick commerce is going to be a game-changer in the logistics space. On-demand deliveries providers will find themselves driving rapid innovation to champion fast and highly customer-centric fulfillment models. Regarding technology adoption, we expect automation, machine learning, and predictive intelligence to become synonymous with supply chain management. It will not be wrong to say that embracing these disruptive technologies is the only way forward when it comes to navigating today’s constantly evolving online delivery ecosystem. Not just that, solutions powered by these technologies will be vital in helping brands build capabilities today that will enable them to capitalize on tomorrow’s customer expectations. Shorter delivery TATs, self-governing logistics processes, and sustainable supply chains will gather immense significance moving forward,”

    Key Facts:

    • Headquarter:  Headquartered in Gurgaon with a regional headquarters in Dubai, UAE
    • Key Geographies: APAC, (Middle East- UAE, Saudi Arabia), US-California
    • Number of Clients: 160+
    • Leading Clients: Dominos, Burger King, TATA steel, DTDC, Reliance, Aditya Birla Group
    • Recent Funding: $6mn in Series A
    • Investors: Sequoia and Info Edge
    • Revenue Growth:  Growing at a 150% YoY with gross margin of 92% and NRR (net revenue retention) of 120%
    • New Hiring: Expanded our workforce by 75% this year, with approx. 80 open positions for the last qtr.

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