Mumbai, India-based warehousing and fulfilment services provider Emiza acquired Shippigo. The acquisition took place on July 6, 2022. The deal did not disclose the amount of acquisition. Shippigo is a Gurguram, India-based technology platform for shipping solutions.
As per the deal, the founders and team of Shippigo will join Emiza.
Purpose of Acquisition by Emiza
The recent acquisition of Shippigo will further strengthen Emiza’s technology and shipping capabilities. Besides, The supply chain company can now provide its customers with a single-window shipping solution.
Moreover, making the most of Shippigo’s technology, Emiza can cater as a one-stop solution covering the entire product journey, i.e. from warehousing to last-mile delivery.
Earlier in May 2022, Emiza raised USD 4.8 million (INR 37.5 crore) in Series B funding. JM Financial Private Equity (PE), the alternative investment arm of JM Financial Ltd, led the funding back then. The Series B round also saw existing investor Mayfield India’s participation.
What the Emiza Founder has to say-
“At Emiza, we have been relentlessly working towards taking our offerings to the next level by incorporating technology. We are thrilled to integrate Shippigo’s advanced, tech-smart solutions into our existing processes. This will enable us to extend the features and benefits to our clients for a seamless fulfilment journey from factory to consumer. With that in mind, we are delighted to welcome the Shippigo team into our growing family,” said Ajay Rao, founder and CEO, Emiza Inc.
“For an industry that is growing as exponentially as ours, it is crucial to keep exploring opportunities that will enable us to avoid industrial snags leading to delays and higher production costs”, he further said.
What the founder of Shippigo has to say
Nitish Gupta, co-founder and CTO, Shippigo, said, “With this partnership, we look forward to building an unstoppable synergy between technology and warehousing, fulfilment and last-mile. Emiza with Shippigo will enable a friction-free environment for the consumer brands to ship their products to the end customer. We can assure you that the result of this amalgamation of technologies and cutting-edge solutions in the warehousing and shipment sector will be unmatched.”
Ajay Rao is the founder of the supply chain company Emiza. He brought the Mumbai-based company into existence in 2016. The firm provides warehousing and fulfilment services to more than 150 brands. These brands belong to various sectors such as beauty, personal care and fashion, electronics, appliances, food and nutrition. Since its inception, the firm has established 17 warehouses across eight cities.
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