
ShipX
ShipX is freight management solution.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
* | $1.6k Valuation: $4.0k | Secondary | |
Total Funding | 000k |
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Transtech Logistics Pvt. Ltd., operating under the brand name ShipX, is a Software as a Service (SaaS) provider focused on the Indian logistics sector. The company was established in 2008 by a team that includes Amarnath Kalale, Bharat Ramanath, Abhinav Saxena, Maxin Samuel, and Venkatraman Mahadevan. The founders possess extensive experience in the supply chain industry, having previously established Yantra Solutions, a Boston-based supply chain fulfillment company that was later acquired.
ShipX delivers a Transport Management Solution (TMS) platform designed to automate and digitize supply chain operations for third-party logistics (3PL) providers, shippers, and transporters. The platform addresses various aspects of logistics, including Full Truck Load (FTL) operations by managing customer and vendor contracts, spot procurement, and billing. It also provides solutions for secondary distribution, which is common in industries like FMCG and retail, by handling route planning, loading, and inventory tracking. The business model is based on providing these technological platforms to clients, aiming to optimize their operational efficiency and reduce freight costs.
A significant milestone in the company's history occurred in August 2018, when Mahindra Logistics (MLL), one of India's largest 3PL solution providers, acquired a strategic stake in Transtech Logistics. This investment followed a three-year period during which ShipX provided transportation solutions to MLL, solidifying a close working relationship. The partnership was intended to enhance ShipX's product features and support MLL's objective of increasing end-to-end digitization within its logistics ecosystem.
Keywords: Transtech Logistics, ShipX.in, Transport Management Solution, TMS, logistics SaaS, supply chain automation, third-party logistics, 3PL, freight management, Indian logistics, FTL operations, secondary distribution, supply chain technology, Mahindra Logistics, Amarnath Kalale, Venkatraman Mahadevan, logistics platform, freight optimization, transportation software, digital logistics