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Shippit

From EverybodyWiki Bios & Wiki


Shippit is an Australian logistics software-as-a-service (SaaS) company that facilities delivery for retailers across APAC, connecting e-commerce stores with courier companies.[1]

Shippit
File:Shippit-logo.png
ISIN🆔
IndustryLogistics
Founded 📆2014
Founder 👔Rob Hango-Zada, William On
Headquarters 🏙️Sydney, Australia
Area served 🗺️
APAC
ServicesShipping and delivery, fulfilment and optimisation, post-purchase experiences
Members
Number of employees
🌐 Websitehttps://shippit.com/
📇 Address
📞 telephone

History[edit]

The company was founded by two University of New South Wales friends, Rob Hango-Zada and William On in May 2014, later launching in February 2015.[2] After working with a handful of fashion and homeware boutiques in Sydney’s Surry Hills, Shippit now facilitates delivery for retailers of all shapes and sizes across the APAC region[3]. In 2020, Shippit entered into the South East Asia market,[4][5] and currently operates in Singapore and Malaysia.

In March of 2022, Shippit acquired fellow Australian logistics company Premonition[6] and launched their refreshed brand curated by international brand building agency, DesignStudio.

Partnerships[edit]

Shippit partners with a range of couriers to ship to anywhere in the world[7]. They also partner with e-commerce companies including Big Commerce, Shopify, WooCommerce, eBay and Magento to integrate multiple sales channels and order management systems.

Shippit recently partnered with Uber to provide one hour on-demand delivery for Australian retailers, such as Cue Clothing Co.[8][9][10][11][12]

Operations[edit]

Shippit operates across the APAC region[1], primarily focussing on small to medium-sized businesses and enterprise online retailers and offer a variety of products including shipping and delivery, fulfilment and optimisation and post-purchase experiences.

Funding[edit]

In 2015, within a few months after launch, Shippit secured seed funding totalling $500,000[13]. In 2017, Shippit first raised $2.2 million in Series A funding backed by Aura Group, a venture fund that has backed startups like Catapult Sports and Institchu[14]. In 2020, Shippit raised a further $30 million in a Series B funding back by Tiger Global.[15]

In May of 2022, Shippit announced the completion of a $65 million Series B2 capital raise, backed by existing investors Tiger Global and Tidal Ventures.[16][17][18]

References[edit]

  1. 1.0 1.1 "Responding to COVID-19: A Q&A with William On, CEO and co-founder of Shippit". Smarter Business™. Retrieved 2022-04-22.
  2. "Layoffs, re-hires and 200% revenue growth: Shippit tops off a tough year by raising $30 million". SmartCompany. 2020-12-07. Retrieved 2022-04-22.
  3. "Fuelling the fires of innovation and entrepreneurship at Shippit". www.businessthink.unsw.edu.au. Retrieved 2022-04-22.
  4. "Australian logistics firm Shippit enters Singapore". Singapore Business Review. Retrieved 2021-11-10.
  5. "Shippit banks $30m for south-east Asia raid". Australian Financial Review. 2020-12-07. Retrieved 2022-04-22.
  6. "Aussie logistics start-up Shippit bulks up with its first acquisition". Australian Financial Review. 2022-03-21. Retrieved 2022-04-22.
  7. Mar 29; E-Commerce | 0, 2016 | (2016-03-29). "Australia Post partners with Shippit". Post & Parcel. Retrieved 2022-04-22.
  8. "Uber launches 'fast fashion' arm". Australian Financial Review. 2022-03-10. Retrieved 2022-04-11.
  9. "Uber and Shippit to deliver 'fast fashion' within one hour". SmartCompany. 2022-03-11. Retrieved 2022-04-22.
  10. "Australian label leads fast-fashion charge with one-hour deliveries". 9now.nine.com.au. Retrieved 2022-04-22.
  11. "Uber launches 1 HOUR delivery for ANYTHING". au.finance.yahoo.com. Retrieved 2022-04-22.
  12. "Uber launches 1 HOUR delivery for ANYTHING". au.finance.yahoo.com. Retrieved 2022-04-22.
  13. "Shippit wraps up $500,000 funding round". SmartCompany. 2015-09-01. Retrieved 2021-11-10.
  14. "Why Shippit turned down nearly $3 million in its Series A funding round: "It knocked out a couple of investors"". SmartCompany. 2017-05-15. Retrieved 2021-11-10.
  15. "E-commerce fulfillment platform Shippit raises $22.2 million led by Tiger Global". TechCrunch. Retrieved 2021-11-10.
  16. "Shippit triples value as Tiger Global and Tidal lead $65m investment". Australian Financial Review. 2022-05-02. Retrieved 2022-06-20.
  17. "Shippit sets its sights on south-east Asia after $65 million Series B2 raise". SmartCompany. 2022-05-04. Retrieved 2022-06-20.
  18. "Shippit completes $65m series B2 raise". Digital Nation. Retrieved 2022-06-20.



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