VC Fund Investments
Despatch automation enabler eShipz raises $700-K from IAN,Axilor
eShipz, a SaaS-based startup offering shipping automation to SMBs and large enterprises, has recently received USD 700,000 in a funding round led by Indian Angel Network (IAN). The round saw participation from existing investor Axilor Ventures. The startup was incubated by Axilor, JioGenNext, SAP Startup Studio, and IIM-B NSRCEL. eShipz plans to use the fresh funds to improve its tech capability and build stronger teams. A part of the funding will be dedicated towards its expansion, geographically, with its beta launch first and full-fledged launch by end of the year. eShipz helps companies manage orders from multiple sources and via multiple courier companies using an integrated dashboard. The Bengaluru-based company claims to cater to 230+ enterprises and 2000+ SMBs, who use eShipz application for their dispatch management.
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