# Saas firm Shipsy raises $6 million in funding from Surge, Info Edge (HT Tech)
> Shipsy is a SaaS (software as a service) based firm that helps shippers and logistics companies to digitise and automate their operations.
# Saas firm Shipsy raises $6 million in funding from Surge, Info Edge
## Shipsy is a SaaS (software as a service) based firm that helps shippers and logistics companies to digitise and automate their operations.
Nov 25 2020, 14:34 IST
### By PTI
Shipsy on Wednesday said it has raised USD 6 million (about ₹44.3 crore) in a funding round, co-led by Sequoia Capital India's Surge, and existing investor, Info Edge.
The platform helps shippers reduce freight costs by automating and digitising freight negotiations, reducing incidental charges, significantly improving shipping turnaround time. This helps minimise working capital loss for shippers through advanced machine learning models.
ALSO READ: Cars24, the used car website, is the latest unicorn startup
Also read
click here.
"Owing to a substantial increase in the demand for our solution, it was important to leverage the momentum and look out for global investment partners in our next leg of our journey," Shipsy co-founder and CEO Soham Chokshi said.
The money raised in the Series A funding round will help fuel growth and enable to continue aggressive geographical expansion, besides investing in product innovation, Chokshi added.
Shipsy was co-founded in June 2015, by Soham Chokshi, Dhruv Agarwal, Himanshu Gupta, and Sahil Arora.
ALSO READ: Byju's raising $200 mn funding from BlackRock, T Rowe Price: Sources
It has raised about ₹10 crore till date and has customers across Dubai, Saudi Arabia, North Africa, Singapore and Malaysia.
"While we have run our venture profitably, it was critical for us to partner with like-minded global investors in our journey as we venture into larger markets," Chokshi added.
The company said its revenue has grown over 3-fold in the last year and a half. It has substantially increased its customer base by over 2x over the lockdown period as enterprises look out for a digital solution to manage shipments.
In November last year, BSE-listed Info Edge - in a regulatory filing - had said it had entered into an agreement to invest about ₹5 crore in Llama Logisol - which operates Shipsy.
ALSO READ: Flipkart to invest in USPL to enhance its fashion portfolio
Commenting on the follow-on fundraise, Sanjeev Bikhchandani, Founder and Executive Vice Chairman of Info Edge, said the product has seen great adoption from large Indian as well as overseas corporates with significant cost reduction for them.
"We are excited to continue backing the team as Shipsy is evolving into a global business-to-business (B2B) product being built and scaled from India," he added.
Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.
25 Nov, 14:34 IST
sequoia
saas
### Related Stories
07 Oct 2026
06 Oct 2026
05 Oct 2026
71,606,294,855,986
NEXT ARTICLE BEGINS
## Tips & Tricks
### How to turn your photos into Ghibli-style art with ChatGPT for free: Step-by-step guide
### How to create an invitation using iPhone’s new Apple Invites app- Step-by-step guide
### Apple TV app arrives on Android phones and tablets: What you get and how to install it
### Vodafone Idea users can now stream 17 OTT apps with one subscription: Here's how
### How to transfer data from one Android to another using Google backup, USB-C cable, and more
## Editor’s Pick
### iPhone 16e launched in India: All details about the new budget mobile from Apple
### DeepSeek AI: How it works, who’s behind it, how it’s different from ChatGPT, and its big US market impact explained
### iPhone 17 Air likely to get this feature that iPhone 17 Pro models may miss out on
### Google Whisk AI explained: How remixing works, availability, and how it differs from Gemini
### iOS 18.4 beta arriving soon: Know why it is the biggest iPhone update
## Trending Stories
### Airtel 5G SIM card will now be delivered in 10 minutes with Blinkit- How to order
### Infinix Note 50s 5G+ set to launch in India with 64MP camera and MediaTek Dimensity 7300 SoC
### Xiaomi X Pro QLED Series sale starts in India: Check price, availability, and more
### Apple plans to train AI using your on-device data without accessing personal content or emails: Report
### CMF Buds 2 key features and price revealed ahead of April 28 launch: Details inside
keep up with tech
## Gaming
### Top 5 gaming monitors under ₹20000 you should consider
### Grab gaming consoles at discounted rates during Amazon Great Indian Festival: Up to 72% off
### Pokémon GO Wild Area 2025 to bring Grimmsnarl family, Shiny Hatenna, and global challenges
### Shade Silver free on Steam for a limited time: Here’s how to get it
### Call of Duty: Black Ops 7 skips Switch 2 at launch, release date and price leak
## Trending News
### Airtel 5G SIM card will now be delivered in 10 minutes with Blinkit- How to order
### Infinix Note 50s 5G+ set to launch in India with 64MP camera and MediaTek Dimensity 7300 SoC
### Xiaomi X Pro QLED Series sale starts in India: Check price, availability, and more
### Apple plans to train AI using your on-device data without accessing personal content or emails: Report
### CMF Buds 2 key features and price revealed ahead of April 28 launch: Details inside
## Trending Gadgets
Mobiles
Laptops
Tablets
- https://tech.hindustantimes.com/tech/news/saas-firm-shipsy-raises-6-million-in-funding-from-surge-info-edge-71606294855986.html