IT start-up Shipsy has raised Rs 44.3 crore in a funding round, co-led by Sequoia Capital India’s Surge, and existing investor, Info Edge. Shipsy is a SaaS (software as a service) based firm that helps shippers and logistics companies to digitise and automate their operations. The platform helps shippers reduce freight costs by automating and digitising freight negotiations, reducing incidental charges, significantly improving shipping turnaround time. Shipsy was co-founded in June 2015, by Soham Chokshi, Dhruv Agarwal, Himanshu Gupta, and Sahil Arora. It has raised about Rs 10 crore till date and has customers across Dubai, Saudi Arabia, North Africa, Singapore and Malaysia.

Source: The North Africa Journal November 25, 2020 10:52 UTC