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Shippit

Shippit makes multi-carrier connectivity and carrier allocation simple.

Backed by

Tiger GlobalTiger Global
SecondQuarter VenturesSecondQuarter Ventures
Tidal VenturesTidal Ventures
PerennialPerennial
Mike FordMike Ford

Raised 65M SERIES_B on May 3, 2022

About

Shippit is a shipping and fulfillment platform that automates retailer orders, carrier allocation, tracking and returns, integrating with e‑commerce platforms to manage last‑mile deliveries across Australia and Southeast Asia.

Mission

Shippit is a logistics platform that connects retailers, carriers and consumers to manage e‑commerce deliveries and last‑mile fulfillment. The company emphasises reducing waste in e‑commerce logistics and has pursued vertical integration, including acquiring last‑mile technology platform Premonition. Shippit powered over 40 million deliveries in 2021, a roughly 300% increase on pre‑pandemic levels, and reports that Singapore and Malaysia now account for about 10% of platform bookings. Recent strategic moves include a same‑hour delivery partnership with Uber and executive hires including chairman David Gordon. Shippit aims to deliver 200 million shipments without waste by 2025. The company plans to use new capital to accelerate customer acquisition, product development and expansion across APAC. Shippit provides e-commerce fulfillment software that automates tasks across order fulfillment, including an allocation engine that finds the best carrier, package tracking and returns handling. The company integrates with online shopping carts to streamline merchant workflows and reduce carrier selection friction. Shippit currently handles five million deliveries per month in Australia for thousands of retailers, including Sephora, Target, Big W and Temple & Webster. Founded in 2014 and based in Sydney, the company has launched in Singapore (May) and Malaysia (August) and is considering expansion into the Philippines and Indonesia. Management plans to double the team by hiring 100 people, including 50 software developers, as part of its regional expansion. Shippit says its Australian operations have seen a threefold increase in delivery volumes over the past 12 months and expects its Southeast Asian business to grow 100% year-over-year for at least the next three years. Shippit is a five-year-old Sydney SaaS startup that provides an order-fulfillment and shipping platform for retailers. It began serving fashion and homeware boutiques in Surry Hills and has since expanded to major retailers including Cotton On, Accent Group, Kathmandu, Sephora, Cue, Temple & Webster and General Pants Co. The company processes more than two million deliveries a month and has seen active senders on its platform quadruple year‑on‑year, with staff headcount up 50% over the same period. Shippit recently launched a second major product, Shippit Returns. The business plans to use the new funding to upgrade technology and engineering and to ramp up sales presence across Australia and into Asia. The round was oversubscribed and more than doubles total investment in the company to over $10 million. Shippit.com is an Australian shipping management platform. The article describes it only as a shipping management platform and provides no further product detail. The company raised $1.63 million (A$2.2 million) in a Series A funding round. The round was led by venture fund Aura Group, with participation from Addventure Fund and RTL Group Investments. The article does not disclose operating metrics such as revenue or user counts. The article does not describe any future plans or use of proceeds. Shippit is a Sydney-based delivery startup that provides a cloud-based software platform allowing retailers to book, track and manage shipments. It launched a premium, GPS-enabled scheduled delivery service to an invitation-only group of boutique online retailers in February and has since added a competitive low-cost national delivery option. Early clients include fashion and designer labels such as The Academy Brand, Urban Couture and Seletti, and the company says it has signed one of Australia’s iconic electrical goods retailers (not yet announced). The team claims a data-driven approach cuts the number of missed deliveries by around half by focusing on getting packages to people rather than places. The founding team has retail experience and is led by co-founder and CEO Rob Hango-Zada with co-founder William On. Shippit will use recent funding to expand the team and support growing demand for its services.

Quick Facts

Founded

2014

Funding

SERIES_B

Industry

Delivery, Logistics, Shipping, Software

Team Size

101-250

Headquarters

Sydney, New South Wales, Australia