ShipNext Solutions, an end-to-end online logistics company founded by Clive Jose has raised Rs. 4.5 crore in the pre-series funding round led by Kerala-based Group Meeran. Meeran is the family investment office that manages the private investments of the Meeran family, they promote the Eastern Group of companies.
Started off as a Commercial Pilot, Clive Jose, founded ShipNext Solutions in 2016, India’s first logistics company to have an end-to-end online logistics system. Clive told Littoral Communications that his father started his career in the logistics industry as a driver and came back to build an entire Empire from scratch. “I started my career as a commercial pilot, but being from a logistics family, I came back and joined the family business, “said Jose.
Clive Jose further said, “The collected funds will be used to expand its footprint in the southern part of the country this year. The funds will be majorly used in the expansion in South India and technological advancement. The company has its visibility majorly in Tamil Nadu, parts of Karnataka and Kerala Jose said, “They are currently established in 8 cities and they are planning to expand in 50 more cities.”
Ship Next will allocate its funds in technological advancements, data acquisition and in the expansion of its customer base and partner base to scale up their business game.
The ShipNext Solutions process over 3500 annual orders on an average, planning to climb up to 50,000 orders in the next two years.The company clocked revenue of RS. 750 lakhs in 2021 and now is aiming to double and have revenue of Rs.1,400 lakhs this year.
The ShipNext uses AI-based Machine learning Apps, WeTruck and WeTruck Partners for booking process and operation for the service provider for seamless and transparents communication and service delivery. WeTruck allows customers to choose the transporter based on the given parameters, which includes rates, transaction history, advance payments.