Vamaship raised $500k as Seed Capital and are planning for Second Round by end of 2016

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Vamaship, the world’s first integrated logistics platform, founded by Mr. Bhavik Chinai & Mr. Rohit Chemburkar had raised $500k in their first round of funding at the end of last year from the BVC Ventures, Mumbai. Soon they will be announcing their second round of funding by end of 2016.

Vamaship is a technology-driven logistics platform launched in October 2015, where shippers can ship through India’s best logistics companies, creating a win-win for all the stakeholders. Traditionally, shippers never had visibility of the right price for shipping and logistics companies are not able to reach thousands of SMEs due to limited sales resources, Vamaship brings the two stakeholders together. In 9 months, Vamaship is now facilitating shipping of any commodity through air, ocean and surface, in India to over 10,000 pin codes and 200+ countries globally.

Vamaship has 100+ partners which include e-commerce logistics companies, freight forwarders, trucking brokers, trucking companies and courier companies. It has over 500 customers ranging from 50 year old listed entities to 2 day old Instagram sellers.

Growing at over 100% month-on-month, Vamaship has a strong team of serial entrepreneurs and domain experts from logistics, consulting and technology, and is mentored by the managing director of the world’s largest diamond company. Its big successes have been collaborating with the world’s third largest bauxite mining company for their global logistics, taking over shipping for Caratlane - India’s largest jewellery website, and the one of India’s fastest growing lifestyle start up, Label Life. It’s also witnessing incredible feedback and support from all customers to help make the platform better each day. Instead of competing, Vamaship has partnered with logistics startups like Blackbuck.

Speaking on this, Mr. Bhavik Chinai, CEO of Vamaship said, “We’re delighted at the phenomenal response we've received from shippers and logistics companies. We’re gearing up for expanding rapidly by going international, hiring and setting up offices in smaller towns in India. Currently with offices in Mumbai, Delhi and Bangalore, we are planning to expand our sales penetration to 20+ cities to activate over 10,000 SMEs. We’ll announce our next, larger round within 6 months”.

Mr. Rohit Chemburkar, Co-founder and CTO of Vamaship added, “In the first round, we invested in upgrading our technology and be in sync with global best practices. With the next round, we intend to invest in further automation and better tech tools and upgrade our existing processes to ensure an extraordinary shipping experience, each time.”

Date: 
Wednesday, August 10, 2016