When was ShipX founded?

ShipX was founded in 2008 and raised its 1st funding round 10 years after it was founded.

Where is ShipX located?

ShipX is headquartered in Bengaluru, India. It is registered at NO. 16 MANTRI LAKEVIEW, KANAKAPURA ROAD THALAGHATTAPURA, Bangalore, BANGALORE, Karnataka, India, 560062.

Which legal entities is ShipX associated with?

ShipX is associated with TRANSTECH LOGISTICS PRIVATE LIMITED.

How many employees does ShipX have?

As of Sep 30, 2026, the latest employee count at ShipX is 9.

Is ShipX a funded company?

ShipX is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Aug 30, 2018.

How much is ShipX worth?

The last known valuation of ShipX was ₹***** as of Oct 05, 2018.

When was the latest funding round of ShipX?

ShipX's latest funding was a $***** Seed round on Aug 30, 2018, with participation from 1 investor. Its primary sector is Logistics Tech. In India, the Logistics Tech sector has seen $122M in funding in 2026 to date.

What is the annual revenue of ShipX?

Annual revenue of ShipX is less than ₹10 Cr as on Mar 31, 2025

Where does ShipX rank among its competitors?

ShipX ranks 535th amongst 2308 active competitors, of which 136 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Traqo, which secured $90.2K in Nov, 2025.

Who are the top competitors of ShipX?

ShipX's top competitors include Locus, Super Dispatch and Augment. Among them, Traqo secured the most recent funding round in November, 2025.

ShipX - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

IT solution provider for the logistics industry. It is a Service (SaaS) transportation management system that enables efficient management of full truckload (FTL) operations across branches. The platform provides integrated operational capabilities across all locations in the network, streamlining logistics and transportation processes for fulfillment centers and retailers.

Website: shipx.in
Registered Address: NO. 16 MANTRI LAKEVIEW, KANAKAPURA ROAD THALAGHATTAPURA, Bangalore, BANGALORE, Karnataka, India, 560062

Key Metrics

Founded Year

2008

Location

Bengaluru, India

Stage

Acquired

Total Funding

$992K in 1 round

Latest Funding Round

Seed, Aug 30, 2018, $*****

Last Known Valuation

₹***** as on Oct 05, 2018

Investors

Mahindra Logistics & 2 more

Ranked

535^th among 2308 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

9 as on Sep 30, 2026

Investment & Acquisitions

Princeton Logistics Group

Similar Companies

Alvys & 1758 more

Exit Details

Acquired by Amilo (Sep 15, 2026)

View ShipX's full profile

ShipX is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
TRANSTECH LOGISTICS PRIVATE LIMITED CIN: U60231KA2008PTC048036 , India, Active	Oct 16, 2008	0 - ₹10 Cr (As on Mar 31, 2025)	3 (As on Mar 31, 2024)

ShipX got acquired by Amilo on Sep 15, 2026.

Click here to take a look at ShipX's acquisition in detail

ShipX has raised a total funding of $992K over 1 round. Its latest funding round was a Seed round on Aug 30, 2018 for $*****. 1 investor participated in its latest round. ShipX has 1 institutional investor and 2 angel investors.

Here is the list of recent funding rounds of ShipX:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 30, 2018	6271653	Seed	1860295	4689325	3382843	4734090

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View details of ShipX's funding rounds and investors

The founders of ShipX are Abhinav Saxena, Yash Vardhan Chamria, Amarnath Kalale, Laxman Mandayam, Venkatraman Mahadevan and Tawfik Shadafna.

Here are the details of ShipX's key team members:

Abhinav Saxena: Co-Founder of ShipX. They are also an angel investor in 1 startup.
Yash Vardhan Chamria: Co-Founder of ShipX. They serve on the board of 1 company.
Contact Info: 1 phone number
Amarnath Kalale: Co-Founder & Director of ShipX. They serve on the board of 1 company.
Contact Info: 1 email address
Laxman Mandayam: Co-founder of ShipX and founder of 2 other companies, Open Mile and Nextuple.
Venkatraman Mahadevan: Co-Founder of ShipX.

ShipX's Board of Directors

ShipX's board has 4 active members. Prasanna Vikas Pahade, Amarnath Kalale, Rajkamal Agarwal and Bharat Ramanath are part of team.

Here is the list of ShipX's board of directors:

Name	Type	Representing	Status	Duration
Amarnath Kalale	Team	-	Current	18y 1m
{godjvi	Team	-	Past	2y 5m
kcyutaz	Team	-	Past	8y 8m
umyjlud	Investor	timpxuo	Past	1y 2m
sfxonz{	Investor	iepammo	Past	5y 9m
oabndbj	Independent board member	-	Past	5y 5m
ufarbdl	Independent board member	-	Past	1y 4m

View details of ShipX's Founder profiles and Board Members

ShipX's employee count trend

ShipX has 9 employees as of Sep 26. Here is ShipX's employee count trend over the years:

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Top competitors of ShipX include Locus, Super Dispatch and Augment. Here is the list of Top 10 competitors of ShipX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Locus 2015, Milpitas (United States), Acquired	Provider of an AI-powered platform for optimizing logistics and delivery	$82.5M	GIC, Alpha Wave Global & 33 others	73/100
2nd	Super Dispatch 2013, Kansas City (United States), Seed	End-to-end transport management solutions for the car hauling industry	$1.95M	Techstars, Active Capital & 5 others	65/100
3rd	Augment 2024, San Francisco (United States), Series A	Developer of an AI teammate for logistics and knowledge management	$110M	Redpoint Ventures, 8VC & 3 others	64/100
4th	McLeod Software 1985, Birmingham (United States), Unfunded	Provider of transportation management software solutions for carriers, brokers, 3PL providers, and shippers	-	-	64/100
5th	Alvys 2020, Solana Beach (United States), Series B	Developer of transportation management system software for logistics operations	$77M	Bonfire Ventures, RTP Global & 4 others	63/100
6th	Logospot 2005, Seoul (South Korea), Acquired	Offers SaaS-based Transport management solutions	$38.5M	Korea Development Bank Europe, Woori Financial Group ... & 8 others	63/100
7th	Traqo 2022, Gurugram (India), Seed	Offers cloud-enabled end-to-end supply chain and logistcis transportation management solutions	$998K	We Founder Circle, Kahu & 6 others	62/100
8th	Freight Tiger 2014, Mumbai (India), Acquired	Provider of a digital freight network and transportation management system	$57.7M	Tata Motors, Lightspeed & 53 others	62/100
9th	Shipsy 2015, Gurugram (India), Series B	Provider of artificial intelligence software for logistics and supply chains	$32.9M	A91 Partners, Info Edge Ventures & 22 others	62/100
10th	Optym 2000, Dallas (United States), Funding Raised	Scheduling solutions provider for airlines, rail & truck operators	-	Plug and Play Tech Center, Venture 53 & 2 others	62/100
535th	ShipX 2008, Bengaluru (India), Acquired	IT solution provider for the logistics industry	$992K	Mahindra Logistics & 2 others	27/100

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Looking for more details on ShipX's competitors? Click here to see the top ones

TRANSTECH LOGISTICS PRIVATE LIMITED, the legal entity associated with ShipX, generated less than ₹10 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of TRANSTECH LOGISTICS PRIVATE LIMITED has a compounded annual growth rate (CAGR) of -98% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income Statement
Revenue	1237	2128	9389	4750	8542
Total Sales	8009	1558	5121	7621	9853
Total Expenses	5590	5619	8805	3116	4321
Operating Expenses	1245	7762	1830	7610	6940
Employee Expenses	9311	3231	7626	5201	8732
Marketing Expenses	8588	3096	6963	6087	4662
Operating Income (EBIT)	9137	5691	6770	8345	5706
Interest Expenses	4165	1630	3951	9819	6582
Expenses from other activities	7968	2539	2035	2886	1403
EBITDA	4576	6034	2945	8700	4575
Taxes	2859	4594	8259	3192	1297
Net Profit	3707	2051	6968	7586	7309
Balance Sheet
Assets	1790	2928	9621	9003	9515
Cash Equivalent	5932	8827	3960	6401	3826
Accounts Receivables	1085	2773	5779	7563	8859
Inventory	3355	9735	1679	4986	9228
Liabilities	9565	6345	1257	7652	1218
Total Debt	5133	5814	6794	6053	1922
Accounts Payable	9802	4872	3449	6551	7149
Equities	3429	7607	8357	4405	9485
Cashflow Statement
Cash from Operating activities	4673	7449	9174	6134	1922
Cash from Investing activities	8168	7487	5828	6701	2397
Net cash from Financing activities	6714	4400	9377	4455	1237

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders (largest shareholder) own 54.74%, Enterprises own 37.30%, Other People own 1.69% and ESOP Pool own 6.27%. The net worth of ShipX's founders is INR 5.87Cr as of Oct 05, 2018. The cap table displayed below is for TRANSTECH LOGISTICS PRIVATE LIMITED which is the legal entity associated with ShipX.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	54.74%	5.87Cr	5505138	2520263	8132523	2196263
Amarnath Kalale	4391516	2079498	6696472	9122196	7496366	4644912
Venkatraman Mahadevan	67429	28992	87148	50602	37029	61812
Abhinav Saxena	4	5	1	5	4	5
Enterprise	37.30%	4Cr	3065753	2989448	3049032	4771851
Other People	1.69%	18.2L	4	2	7	5
ESOP Pool	6.27%	67.3L	346499	801430	517121	869784
Total	100.00%	10.7Cr	7647997	9984230	8721935	3797200