Shipsy, a SaaS (software-as-a-service)-based smart logistics management platform provider, has raised $25 million in a Series B round co-led by A91 Partners and Z3 Partners along with existing investors Info Edge and Sequoia Capital India's Surge.
In an official statement, the Gurugram-based startup said it will use the capital to continue growing its stronghold in the Middle East, India and Southeast Asian markets while accelerating global expansion into new markets such as Europe and US. In addition, It will also be using the funds to drive rapid technological innovation with a greater focus on enhancing sustainability outcomes in the global logistics industry and their platform's AI (artificial intelligence), machine learning and blockchain capabilities.