Shipsy offers technology at concession to customers through Monsha’at
Shipsy, a Gurugram-headquartered SaaS-based global smart logistics management platform provider, has established another regional headquarter in Riyadh to aggressively onboard local talent and participate in Saudi Vision 2030, supported by US$10 million investment over 5 years.
The Gulf has been instrumental in the company’s growth trajectory contributing 35% of its overall revenue, said the company which has signed a memorandum of understanding with Monsha’at, the Small and Medium Enterprises General Authority of Saudi Arabia.
It also highlighted that in the Middle East, the company is expected to clock a growth rate of more than 125% and that it had witnessed a 70% increase in talent pool in the past 15 months, said Shipsy which has recently announced around 100% growth in the top line.
Shipsy established first Middle East HQ in Dubai in 2021.
The MoU highlighted that Shipsy would offer its technology at a significant concession for all customers channelled through Monsha’at.
“Now, with two regional HQs in the Middle East, we are focusing on hiring top regional talent and further boost our local presence and customer support. We are also aggressively hiring for India as well as global roles across multiple verticals,” says Harsh Kumar, Chief Strategy Officer, Shipsy.
“Continuous growth in customer base across MEA, APAC and SEA, rapid technology innovation and steady increase in human resources have made it possible for Shipsy to become one of the most capital efficient startups with negligible burn, and nearing profitability.
“In 2021-2022, we have grown team members across multiple geographies globally. In the past three months, we have sent offers equivalent to 20% of our headcount,” he said on 21 Apr 2023 from Gurugram.
The logistics SaaS provider’s AI and automation powered solutions are enabling businesses across industries to reduce transportation costs, boost customer experience, mitigate logistics risks, shrink carbon footprint and build proactive supply chain processes.
Shipsy is already working with customers across the Middle East in the manufacturing, express logistics, retail, food delivery and quick commerce industries.
Some of these include the world’s auto components manufacturers, the biggest manufacturer and distributor of confectionery, leading express logistics providers in the region, a leading quick commerce grocery provider, an international pizza delivery chain, a Fortune 100 global retailer, amongst others. fiinews.com
