Shiplog, the Gurugram-based logistics tech startup specializing in rapid last-mile delivery, has successfully secured Rs 6.5 crore ($768K) in its seed funding round, led by the Deepak Bhagnani Family Office. This marks the company’s first external funding injection since its inception in 2022, having previously been bootstrapped.
The freshly raised capital will help Shiplog bolster its technology infrastructure, implement AI-powered inventory management systems, and expand its presence in Delhi-NCR, the heart of India’s fast-growing demand for quick deliveries.
Specializing in offering 4-hour, same-day, and next-day delivery, Shiplog has already built a robust network of dark stores to cater to D2C and e-commerce businesses. The startup claims to process over 15,000 orders every day, and with the new funding, it aims to triple its monthly revenue within the next six months.
At the core of Shiplog’s offerings is its innovative tech-enabled delivery platform, which integrates inventory management, routing, and real-time order tracking. This integrated approach not only helps businesses streamline operations but also reduces Return to Origin (RTO) rates, ensuring faster and more reliable deliveries.
Moreover, Shiplog is committed to sustainability, using electric vehicles (EVs) for transportation to cut down on logistics costs and minimize its environmental footprint. With this strategic investment, Shiplog is poised to revolutionize last-mile delivery in India’s competitive logistics space, providing faster, greener, and more efficient solutions for businesses across the region.
