It is learned that the Australian e-commerce logistics platform Shippit recently announced that the company has completed 30 million Australian dollars (approximately US$22.2 million) Series B financing and plans to expand its business scope in the Southeast Asian industry market. At this stage, Shippit has raised a total of A$41 million.
According to Shippit, this round of financing will be used to expand the company's business scope in Southeast Asia, and the company's team size will also double.
At this stage, Shippit is considering entering the Philippine and Indonesian industry markets. According to the company’s forecast and analysis, Shippit’s Southeast Asia business volume will increase by at least 100% year-on-year in the next three years. William On also revealed that Shippit's Australian industry market deliveries have also tripled in the past 12 months.
According to reports, Shippit was founded in 2014 and launched the Shippit platform in Singapore in May of this year, and then entered the Malaysian industry market in August. Not only can it automatically dispatch orders and related logistics tasks, but it can also find order carriers and track packages. And accept the return request.
Today, the Shippit platform processes 5 million freight orders from thousands of retailers every month.