ShipNext Solutions, an E2E online logistics platform, has raised Rs 4.5 crore or $608K in its Pre-Series A round led by Group Meeran.
The Chennai-based startup will allocate the funds raised towards technological advancements, data acquisition, expansion of its customer, partner base, and scaling up the business, it said in a press release.
Founded in 2016 by Clive Jose, ShipNext enables seamless automated intercity freight transport through its completely online WeTruck Partners and We Truck app for fleet owners and customers, respectively.
Currently, ShipNext claims that it processes over 3500 annual orders on average and plans to increase that to 50000 orders in the next two years. ShipNext counts Abref, Reliance Instruments, Alpha Packing, Renaizands Industries, Eastea Chai, and Stockarea among its customers.
