Shippit Company Profile

Background

Overview: Shippit, founded in 2014, is an Australian-based logistics technology company specializing in multi-carrier shipping solutions. The company aims to revolutionize the shipping landscape by optimizing fulfillment processes and enhancing post-purchase experiences for retailers and their customers. Shippit's platform is utilized by prominent retailers across the Asia-Pacific (APAC) region, including Target, Cotton On, and Nike.

Mission and Vision: Shippit envisions a future where logistics infrastructure is interconnected through technology to minimize waste and provide delightful delivery experiences. The company's mission is to empower retailers to ship smarter, optimize fulfillment, and create better post-purchase experiences.

Key Strategic Focus

Core Objectives:

Shipping Optimization: Enhancing shipping processes to improve efficiency and reduce costs for retailers.

Fulfillment Enhancement: Streamlining fulfillment operations to ensure timely and accurate deliveries.

Customer Experience Improvement: Providing tools and insights to retailers to elevate the post-purchase experience for customers.

Specialization Areas:

Multi-Carrier Integration: Offering a platform that integrates with multiple carriers, allowing retailers to choose the best shipping options.

Data-Driven Insights: Utilizing analytics to provide actionable insights for shipping and fulfillment optimization.

Key Technologies Utilized:

Shipping Platform: A technology-driven platform that automates order fulfillment processes, including carrier selection, delivery tracking, and returns management.

Primary Markets Targeted:

Asia-Pacific Region: Focusing on retailers in the APAC region, with recent expansions into Southeast Asia, including Singapore and Malaysia.

Financials and Funding

Funding History:

Total Funds Raised: As of May 2022, Shippit has raised a total of $119 million.

Recent Funding Rounds:

Series B Round: On May 3, 2022, Shippit secured $65 million in a Series B funding round.

Notable Investors:

Tiger Global Management: A leading global investment firm.

Tidal Ventures: An Australian venture capital firm.

Perennial Investment Partners: An Australian investment management firm.

Second Quarter Ventures: An Australian venture capital firm.

Mike Ford: An individual investor.

Utilization of Capital:

Southeast Asia Expansion: The funds are intended to support Shippit's growth in Southeast Asia, including hiring 100 new employees, with 50 positions for software engineers.

Pipeline Development

Key Developments:

Southeast Asia Expansion: Shippit has expanded its operations into Singapore and Malaysia, with plans to enter the Philippines and Indonesia.

Product Enhancements: The company continues to develop and enhance its platform to offer more features and integrations for retailers.

Technological Platform and Innovation

Proprietary Technologies:

Multi-Carrier Shipping Platform: Shippit's platform integrates with various carriers, enabling retailers to select optimal shipping options based on cost, speed, and reliability.

Significant Scientific Methods:

Data Analytics: Utilizing data analytics to provide insights into shipping performance, customer satisfaction, and operational efficiency.

Leadership Team

Key Executives:

Rob Hango-Zada: Co-Founder and Co-Chief Executive Officer.

William On: Co-Founder and Co-Chief Executive Officer.

Joshua Jacobs: Product and Technology Principal.

Brett Chester: Chief Marketing Officer.

Chris Weaver: Chief Commercial Officer.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within Shippit's leadership team.

Competitor Profile

Market Insights and Dynamics:

Market Size and Growth Potential: The e-commerce logistics market in the Asia-Pacific region is experiencing rapid growth, driven by increasing online retail sales and consumer demand for efficient delivery services.

Industry Trends: There is a growing emphasis on technology-driven solutions to optimize shipping and fulfillment processes, enhance customer experiences, and reduce operational costs.

Competitor Analysis:

Sendle: An Australian-based company offering parcel delivery services with a focus on small businesses.

ShipStation: A U.S.-based shipping software company that integrates with various e-commerce platforms to streamline order fulfillment.

Australia Post: The national postal service of Australia, providing a range of mail and parcel delivery services.

Parcelpoint: An Australian company offering parcel collection and return services through a network of local stores.

Temando: An Australian shipping and fulfillment software company that provides multi-carrier shipping solutions.

Strategic Collaborations and Partnerships

Significant Collaborations:

Freedom Furniture Partnership: Shippit partnered with Freedom Furniture and Fluent Commerce to enhance Freedom's fulfillment strategy, demonstrating Shippit's capability to collaborate with major retailers to improve delivery experiences.