LNME
INTERVIEW
“The big driving factor for us was the size of the opportunity and the value we could create.”
SIMPLIFYING LOGISTICS Soham Chokshi, Chief Executive Officer, Shipsy, talks us through the inception of the company and how technology is crucial to the success of logistics and supply chain Tell us about Shipsy and the idea behind this platform. Shipsy, founded in 2015, is a SaaS company focused on the logistics tech space. We work very closely with retailers and logistics and manufacturing companies. The platform helps all these companies get visibility of all their shipments, reduce costs, and au20 | LOGISTICS NEWS ME | MARCH 2022
tomate a lot of the manual processes, leading to much superior customer experience. In a world where each of us as endconsumers really want our deliveries to happen quickly, even in 10 or 15 minutes, the expectations have gone high. This has put a lot of responsibility on all the players, whether it be
the logistics company delivering the goods, or the retailer selling it, or the manufacturing company supplying the goods. What technology does is meet these expectations, but at a reasonable cost. And that is where a company like Shipsy comes in. What sets us apart is our ability to merge different scenarios such as stocking, warehousing, and delivery of goods, especially right from 10-minute delivery to three-to-fiveday delivery, on to one platform. The other differentiator is the fact that we also combine information on container space, helping retailers manage shipments across both shipment legs. Ever since the pandemic hit, there’s been this huge push towards direct-toconsumer and faster deliveries. This has had let to high expectations. And this has been really fuelling our growth in a big way. In terms of the company itself, we have offices across Dubai and India, we have a large customer base across the Middle East mainly in Dubai, Saudi Arabia, Egypt, and Kuwait. We also operate in Southeast Asia. Financially, we’re backed by Sequoia Capital. Pan Emirates, Aster DM Healthcare, Gulf Marketing Group, Zajil, Flow Progressive Logistics, Saab Express, and Sun & Sand Sports to name a few are our clients in the Middle East. Why logistics? Logistics is a multi-trillion-dollar market and is still largely under penetrated. When we launched our platform in 2015, eCommerce was on the rise WWW.CBNME.COM
