Llama Logisol, which operates logistics focused software-as-a-service (SaaS) platform Shipsy, has raised about $6 million in a funding round co-led by Sequoia Capital India’s Surge and existing investor Info Edge, per an announcement.
Shipsy is a SaaS (software as a service) based firm that helps shippers reduce freight costs by automating and digitising freight negotiations, reducing incidental charges, significantly improving shipping turnaround time and minimising working capital loss for shippers through advanced machine learning models.
“The money raised will help fuel our growth and enable us to become a market leader, allowing us to continue our aggressive geographical expansion, besides investing in product innovation to keep us ahead of the curve. While we have run our venture profitably, it was critical for us to partner with like-minded global investors in our journey as we venture into larger markets,” Soham Chokshi, co-founder and CEO of Shipsy said.
Shipsy claimed that it revenue has grown over 3 fold in the last year and a half. The company has substantially increased its customer base by over 2x just over the lockdown period. Its customers are spread across Dubai, Saudi Arabia, North Africa, Singapore and Malaysia.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from November 22-26, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Shipsy||Gurugram||6 million||Series A||Sequoia Capital India's Surge, Info Edge||-||Logistics/Distribution||SaaS|
|Credgenics||Delhi||3.5 million||Pre-Series A||Accel Partners, DMI Alternatives fund||Titan Capital||Financial Services||FinTech|
|Plum||Mumbai||15 million||Series B||Faering Capital, Trifecta Capital, Unilever Ventures||-||Consumer Products||Beauty & Hygiene|
|Nykaa||Mumbai||-||-||Fidelity Management & Research Company||-||Consumer Products||E-commerce|
|Yellow Class||Gurugram||1.3 million||Pre-Series A||India Quotient||Kunal Bahl, Rohit Bansal, Alok Mittal, Maninder Gulati, Abhinav Sinha, Vivekananda Hallekere, Alvin Tse, Dhruv Agarwala, Pallav Pandey, Harpreet Singh Grover, Vibhore Goyal||Education/Training||EdTech|
|Unacademy||Bengaluru||-||-||Tiger Global Management, Dragoneer Investment Group||-||Education/Training||EdTech|
|Grip Invest||Gurugram||-||-||Anicut Angel Fund||Anupam Mittal, Sunjay Kapur, Maninder Gulati||Financial Services||FinTech|
|Country Delight||Gurugram||25 million||Series C||Elevation Capital||IIFL AMC, Matrix Partners India, Orios Venture Partners||Consumer Products||E-commerce|
|Cars24||Gurugram||200 million||Series E||DST Global||Exor Seeds, Unbound, Moore Strategic Ventures||Automobiles Other Vehicles & Parts||E-commerce|
|STAGE||Indore||1.15 million||-||Venture Catalysts||Sushma Kaushik, Sachin Bhatia, Rohit Chanana, Janarthan Balasubrramanian, Ashish Tulsian, Vishal Maheshwari, Hetal Sonpal, Piyush Goel, Sawan Laddha, Nandi Mehta, Abhishek Shah||Internet||-|
|Cityflo||Mumbai||8 million||Series A||Lightbox Ventures||India Quotient||Transportation Services||Ridesharing/Transport|
|Cashfree||Bengaluru||35.3 million||Series B||Apis Growth Fund II||Y Combinator||Financial Services||FinTech|
|GeoIQ||Bengaluru||337940||Seed||9Unicorns||Inflection Point (IP) Ventures, Kayenne, LetsVenture||Information Services||Big Data|
|Ensuredit||Gurugram||338100||Pre-Series A||Venture Catalysts||-||Insurance||Insuretech|
|LightSpeedAI Labs||Bengaluru||-||-||YourNest, growX ventures||-||Hardware||-|
|Purplle.com||Mumbai||1 million||-||Spring Marketing Capital||-||Retail||E-commerce|
|Power Gummies||Delhi||-||Bridge||Agility Venture Partners, DSG Consumer Fund, Vcats||-||Consumer Products||Fitness & Wellness|
|Inntot||Kochi||-||Bridge||Unicorn India Ventures||-||Consumer Electronics||Digital Media|
|SignalX||Hyderabad||810356||Seed||3Lines Venture Capital||9Unicorns, Hyderabad Angels||IT Security/Cybersecurity||AI and Machine Learning|
|Lancify||Bengaluru||300000||Angel||-||Techstars, Under 25, Vir Kashyap, Hari TN, Brennan Loh, Krish Ramachandran, Anil Advani, Ravi and Deepa Joshi||Education/Training||EdTech|
|NewsReach||Ahemdabad||150000||Seed||JITO Angel Network||Oasis, Jinesh Shah, Sharan Aggarwal, Bipin Shah, Pranav Khanna, Siddharth Ladsariya, V C Karthik, Anup Mehta, Taha Nabee||Media||Digital Media|
|ERPNext||Mumbai||1.35 million||Rainmatter Capital||-||Software||SaaS|
|Astrogate Labs||Bengaluru||-||-||Speciale Invest||-||Aerospace||SpaceTech|
|AlgoBulls||Mumbai||-||-||Venture Catalysts||-||Financial Services||SaaS|
|AppsFlyer||San Francisco||-||-||Salesforce Ventures||-||Marketing/Advertising||SaaS|