Shiplog Secures Seed Funding to Enhance Logistics Technology
Shiplog, a logistics tech startup, has successfully obtained Rs 6.5 crore ($768K) in its seed funding round, led by the Deepak Bhagnani Family Office. This marks the first instance of external funding for Shiplog since it was established in 2022, as the company has operated on a bootstrapped basis until now.
The funding will facilitate the enhancement of its technology framework, the implementation of AI-driven inventory management solutions, and the expansion of its operations in the Delhi-NCR region—the most significant market for quick deliveries in India.
Located in Gurugram, Shiplog focuses on swift last-mile delivery services for direct-to-consumer (D2C) and e-commerce businesses, providing options for 4-hour, same-day, and next-day delivery through its extensive network of dark stores.
Currently, Shiplog reports processing over 15,000 orders daily and plans to triple its monthly revenue rate (MRR) within the next six months with the new funding.
The startup’s technology-driven delivery platform combines inventory management, routing, and order tracking, allowing brands to decrease Return to Origin (RTO) rates and enhance delivery timelines. Additionally, the company employs electric vehicle (EV) transportation to lower logistics costs and minimize environmental impact.
