Shipskart raises Rs 20.5 crore from Trail Mix Ventures, others

“80 per cent of the funds will be utilized for its India operations providing a big chance to the mid segment shipping companies and suppliers to empower and streamline their entire procurement life cycle with one stop solution,” Shipskart said in a statement.

B2B production chain start-up ShipsKart has raised USD 2.7 million (about Rs 20.5 crore) in series A round led by Trail Mix Ventures and Hermes Offshore, the organization said on Wednesday., Motion Ventures and Eternia Investments likewise took an interest in the funding round. ShipsKart is a B2B online marketplace where vessels, vessel managers, ports, and shipyards can buy marine items, consumables, equipment and service products expected for the procedure on board ships. ShipsKart claims to have a network of 500 partners across more than 40 nations.

“Bringing existing analogue marketplaces online with ShipsKart will not only help increase savings and benefit the bottom line for companies but will make global supply chains more resilient,” ShipsKart co-founder and CEO Dhruv Sawhney said.

Shipskart has fulfillment centres in Mumbai and Cochin, and plans to have more such centres in Gujarat, Visakhapatnam, Chennai and Kolkata in the next one year.

“ShipsKart plans to increase its sales by 100 per cent this year,” the statement said.

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