Business scaling up with first Indian mobile application which launched by online ShipNext company. â€œWe truck and â€œWe truck Partnerâ€ claim for long-haul logistics customers and be a great service provider.
Clive JoseÂ is a founder of ShipNext, since 2016. It has a solid background in transport and Technology. It is Kochi-based entrepreneur, leading 2021 towards profit. AfterÂ 795%growth increased after the launch operation in 2019. ShipNext board of directors in 2018, Jaijin Austin joined in and has been part of the firmâ€™s Co-founder and Chief Technology Officer.
Group Meeran is a family investment office that manages the private investments of the Meeran family, it is based in Kerala. The eastern group of companies Promoters led the round as well. In a recent event online logistic platform, Shipnext solution raised Rs4.5 crore.
In a recent event online logistic platform, Shipnext solution raised Rs4.5 crore.
ShipNext will allocate the funds raised towards technological advancements, data acquisition, expansion of its customer, partner base, and scaling up the business. Group Meeran Chairman,Â Navas MeeranÂ said, â€œWe are excited about our investment and partnership with ShipNext. As per a current report, the inter-city road logistics spend in India stood atÂ $209 billionÂ in 2021 and the road logistics market is expected to grow at 8 percent CAGR making it aÂ $330 billionÂ market by 2025. We believe there is potential to build more sustainable businesses in this highly competitive market.Â
ShipNext will assign funds towards tech-advancements, data acquisition, customer expansion for their customer, partner base, and scaling up the business. ShipNext developed growth of over 3,500 annual orders on average and plans to increase toÂ 50,000 ordersÂ in future years. ShipNext counts its customers among Reliance instruments, Alpha Packing, Abref, Eastea Chai, Renaizands, and stock area.
Currently, Meeran Group investing in seed-stage start-ups around RsÂ 200 croreÂ which holds the potential to create resilient businesses and boost the inclusive economy and construct a fair society. The group invested in successful start-ups such as Scoreline and CloudSEK. Especially in the business industries like real estate, food, logistics, and technology. Navas Meeran also, mentioned â€œwe trust our investment in ShipNext accelerate growth and we are excited and proud to be partners with the team, who will transform the Indian logistics tech landscape.
Navas Meeran also, mentioned â€œwe trust our investment in ShipNext accelerate growth and we are excited and proud to be partners with the team, who will transform the Indian logistics tech landscape.