Shippit
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 4.0m | 7.1m | 9.3m | 33.5m | 43.5m | 46.5m |
% growth | - | 78 % | 30 % | 262 % | 30 % | 7 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
N/A | N/A | Angel | |
$500k | Seed | ||
* | €2.0m | Series A | |
AUD2.5m | Early VC | ||
* | $1.6m | Series A | |
$5.4m | Series B | ||
* | $22.0m Valuation: $100m | Series B | |
* | $48.0m Valuation: $300m | Series B | |
Total Funding | €73.9m |
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Recent News about Shippit
EditShippit.com is an Australian-based startup that offers advanced shipping and delivery solutions for online retailers. The company operates in the e-commerce market, providing a multi-carrier shipping technology that enables retailers to automate their fulfilment and shipping processes. Shippit's platform is designed to handle shipments of all shapes and sizes, and it offers a single-view dashboard that simplifies order tracking.
Shippit's business model is based on providing a platform that connects retailers with multiple carriers. Retailers can integrate their sales channels with Shippit's platform, which then uses pre-negotiated shipping rates to instantly ship orders. This model allows Shippit to serve a wide range of clients, from small businesses to large retailers, and it helps these clients save time and effort on their shipping processes.
One of Shippit's unique selling points is its commitment to sustainability. The company claims to be Australia's first zero-emission last-mile delivery service, as it offsets carbon emissions for every delivery that uses its exclusive partner rates. This allows Shippit's clients to offer more sustainable delivery options at cost-effective rates.
In terms of revenue, Shippit makes money by charging retailers for the use of its platform and for the shipping services it provides. The company also likely earns a commission from the carriers it partners with.
In summary, Shippit is a shipping and delivery solution provider that caters to online retailers. It offers a multi-carrier shipping platform that automates fulfilment processes, and it is committed to sustainability by offsetting carbon emissions for every delivery.
Keywords: Shipping, Delivery, Online Retailers, Multi-Carrier, Automation, Fulfilment, Sustainability, Carbon Offset, E-commerce, Last-Mile Delivery.