Mumbai: Shipsy, a software-as-a-service or SaaS-based logistics management platform, has raised $25 million in a funding round co-led by A91 Partners and Z3Partners. The round also included existing investors Info Edge and Sequoia Capital India’s Surge.

The company will use the funds to grow in the Middle East, India and Southeast Asia, while accelerating expansion into new markets such as Europe and the US, it said in a release. The company also recorded 2.5x growth in its annual recurring revenue (ARR) and grew its customer base by 75% last year, the company said.

Shipsy Bags $25 Million In Funding, Eyes Global Expansion

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Shipsy Bags $25 Million In Funding, Eyes Global Expansion

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