Shipsy secures USD 6 million funding from Surge & Info Edge

Shipsy a (software as a service) based firm has managed to secure a capital of USD 6 million in a funding round, co-led by Sequoia Capital India’s Surge, and existing investor, Info Edge. The platform helps shippers reduce transportation costs by automating and digitising freight negotiations, reducing incidental charges, improving shipping turnaround time. This helps pull down working capital loss for shippers with the help of advanced machine learning models. Founded in June 2015, the company has witnessed a 3-fold jump in revenue in the last year and a half.

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