Shippit
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]
 | |
| ISIN | 🆔 |
|---|---|
| Industry | Logistics |
| Founded 📆 | 2014 |
| Founder 👔 | Rob Hango-Zada, William On |
| Headquarters 🏙️ | Sydney, Australia |
Area served 🗺️ | APAC |
| Services | Shipping and delivery, fulfilment and optimisation, post-purchase experiences |
| Members | |
Number of employees | |
| 🌐 Website | https://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]
- ↑ 1.0 1.1 "Responding to COVID-19: A Q&A with William On, CEO and co-founder of Shippit". Smarter Business™. Retrieved 2022-04-22.
- ↑ "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.
- ↑ "Fuelling the fires of innovation and entrepreneurship at Shippit". www.businessthink.unsw.edu.au. Retrieved 2022-04-22.
- ↑ "Australian logistics firm Shippit enters Singapore". Singapore Business Review. Retrieved 2021-11-10.
- ↑ "Shippit banks $30m for south-east Asia raid". Australian Financial Review. 2020-12-07. Retrieved 2022-04-22.
- ↑ "Aussie logistics start-up Shippit bulks up with its first acquisition". Australian Financial Review. 2022-03-21. Retrieved 2022-04-22.
- ↑ Mar 29; E-Commerce | 0, 2016 | (2016-03-29). "Australia Post partners with Shippit". Post & Parcel. Retrieved 2022-04-22.
- ↑ "Uber launches 'fast fashion' arm". Australian Financial Review. 2022-03-10. Retrieved 2022-04-11.
- ↑ "Uber and Shippit to deliver 'fast fashion' within one hour". SmartCompany. 2022-03-11. Retrieved 2022-04-22.
- ↑ "Australian label leads fast-fashion charge with one-hour deliveries". 9now.nine.com.au. Retrieved 2022-04-22.
- ↑ "Uber launches 1 HOUR delivery for ANYTHING". au.finance.yahoo.com. Retrieved 2022-04-22.
- ↑ "Uber launches 1 HOUR delivery for ANYTHING". au.finance.yahoo.com. Retrieved 2022-04-22.
- ↑ "Shippit wraps up $500,000 funding round". SmartCompany. 2015-09-01. Retrieved 2021-11-10.
- ↑ "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.
- ↑ "E-commerce fulfillment platform Shippit raises $22.2 million led by Tiger Global". TechCrunch. Retrieved 2021-11-10.
- ↑ "Shippit triples value as Tiger Global and Tidal lead $65m investment". Australian Financial Review. 2022-05-02. Retrieved 2022-06-20.
- ↑ "Shippit sets its sights on south-east Asia after $65 million Series B2 raise". SmartCompany. 2022-05-04. Retrieved 2022-06-20.
- ↑ "Shippit completes $65m series B2 raise". Digital Nation. Retrieved 2022-06-20.
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