When was Shyplite founded?

Shyplite was founded in 2015 and raised its 1st funding round 6 years after it was founded.

Where is Shyplite located?

Shyplite is headquartered in Delhi, India. It is registered at WOLK, LOWER GROUND FLOOR, , 40-41, BAKSHI HOUSE, NEHRU PLACE, DELHI-110019, South Delhi, DELHI, Delhi, India, 110019.

Who is the current CEO of Shyplite?

Sugam Jain of Shyplite. They have also founded 1 company.

Which legal entities is Shyplite associated with?

Shyplite is associated with SIMBA LOGISTICS PRIVATE LIMITED.

How many employees does Shyplite have?

As of Sep 30, 2026, the latest employee count at Shyplite is 21.

Is Shyplite a funded company?

Shyplite is a funded company, having raised a total of $***** in its 1st and only funding round, a Venture Debt round on Jun 09, 2021.

When was the latest funding round of Shyplite?

Shyplite's latest funding was a $***** Venture Debt round on Jun 09, 2021, 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 Shyplite?

Annual revenue of Shyplite is between ₹50 Cr and ₹100 Cr as on Mar 31, 2022

Where does Shyplite rank among its competitors?

Shyplite ranks 55th amongst 144 active competitors, of which 44 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Blitz, which secured $3M in Aug, 2026.

Who are the top competitors of Shyplite?

Shyplite's top competitors include Shiprocket, Shadowfax and Delhivery. Among them, Blitz secured the most recent funding round in August, 2026.

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

Company Details

ShypLite is a cloud-based shipping management solution for e-retailers. The solution offers a single-window shipping platform integrated with multiple carriers. Other features offered by the solution include single pricing across carriers, no subscription fee for the platform (charged based on items shipped), plugins to integrate the platform with the online store, an automated booking process, and detailed automated tracking capabilities. Tracking plugins are also offered along with the solution that integrated with the web-store lets customers receive real-time updated tracking information of their order. The solution is compatible with shipping carriers such as FedEx, Delhivery, Blue Dart, DTDC, GoJavas, Gati, and ExpressBees.

Website: shyplite.com
Social
Email ID: *****@shyplite.com
Registered Address: WOLK, LOWER GROUND FLOOR, , 40-41, BAKSHI HOUSE, NEHRU PLACE, DELHI-110019, South Delhi, DELHI, Delhi, India, 110019

Key Metrics

Founded Year

2015

Location

Delhi, India

Stage

Funding Raised

Latest Funding Round

Venture Debt, Jun 09, 2021, $*****

Investors

N+1 Capital & 3 more

Ranked

55^th among 144 active competitors

Annual Revenue

₹50 - ₹100 Cr as on Mar 31, 2022

Employee Count

21 as on Sep 30, 2026

Similar Companies

Shiprocket & 1353 more

View Shyplite's full profile

Shyplite is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
SIMBA LOGISTICS PRIVATE LIMITED CIN: U52600DL2013PTC247988 , India, Active	Feb 06, 2013	₹50 - ₹100 Cr (As on Mar 31, 2022)	29 (As on Jun 01, 2022)

Shyplite has raised funding over 1 round. Its latest funding round was a Venture Debt round on Jun 09, 2021 for $*****. 1 investor participated in its latest round. Shyplite has 2 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Shyplite:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 09, 2021	2488260	Venture Debt	3017082	9110766	3329213	6632433

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View details of Shyplite's funding rounds and investors

The founders of Shyplite are Sugam Jain, Parinay Itkan, Nisschal Jaain and Parinay Itkan. Sugam Jain is the CEO of Shyplite.

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

Sugam Jain: Co-Founder & CEO of Shyplite and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 1 phone number
Parinay Itkan: Founder & COO of Shyplite and founder of 1 other company. They serve on the board of 1 company.
Nisschal Jaain: Former Co-Founder of Shyplite. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Parinay Itkan: Co-Founder & COO of Shyplite. They serve on the board of 1 company.
Contact Info: 1 phone number

Shyplite's Board of Directors

Shyplite's board has 2 active members. Sugam Jain and Parinay Itkan are part of team.

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

Name	Type	Representing	Status	Duration
Parinay Itkan	Team	-	Current	10y 1m
mljalei	Team	-	Past	6y 6m
scqozjt	Team	-	Past	5y 8m
ujzymoa	Independent board member	-	Past	2y 9m
cugtbky	Independent board member	-	Past	3y 7m
bhvqyyz	Independent board member	-	Past	3y 1m

View details of Shyplite's Founder profiles and Board Members

Shyplite's employee count trend

Shyplite has 21 employees as of Sep 26. Here is Shyplite's employee count trend over the years:

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Top competitors of Shyplite include Shiprocket, Shadowfax and Delhivery. Here is the list of Top 10 competitors of Shyplite, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Shiprocket 2011, Gurugram (India), Public	Provider of e-commerce shipping, fulfillment, marketing, and financial services	$306M	Temasek, Bertelsmann India Investments & 63 others	87/100
2nd	Shadowfax 2015, Bengaluru (India), Public	Logistics solutions for express deliveries	$246M	Flipkart, Eight Roads Ventures & 32 others	83/100
3rd	Delhivery 2011, Gurugram (India), Public	Platform offering end-to-end parcel delivery, warehousing, cross-border, and fulfillment services	$1.13B	Fidelity Investments, GIC & 36 others	81/100
4th	Pickrr Services 2015, Gurugram (India), Acquired	Provider of AI-based logistics management solutions	$16.4M	Ananta Capital, India Infoline & 24 others	78/100
5th	ElasticRun 2014, Pune (India), Series E	Platform offering rural B2B E-commerce and logistics	$462M	Kalaari Capital, Prosus & 28 others	75/100
6th	ShipBob 2014, Chicago (United States), Series E	Provider of e-commerce fulfillment solutions for direct-to-consumer brands	$333M	Bain Capital Ventures, SoftBank Vision Fund ... & 30 others	72/100
7th	Blitz 2020, Bengaluru (India), Series A	Network of fulfillment centers providing logistics for online retail businesses	$16.4M	IvyCap Ventures, Angel List & 75 others	71/100
8th	Anchanto 2011, Singapore (Singapore), Series C	Developer of e-commerce software and supply chain management solutions	$16.1M	Transcosmos, Innosight Ventures & 13 others	69/100
9th	ClickPost 2015, Bengaluru (India), Series A	Provider of post-purchase platform for ecommerce, including shipping, tracking, returns	$7.1M	Times Internet, Rebright Partners & 22 others	69/100
10th	Prozo 2014, Gurugram (India), Series A	Provider of an end-to-end supply chain ecosystem for omnichannel brands	$18.9M	Sixth Sense Ventures, Earlsfield Capital ... & 29 others	67/100
55th	Shyplite 2015, Delhi (India), Funding Raised	Cloud-based shipping management solution for e-retailers	-	N+1 Capital, Simba Technologies & 2 others	39/100

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SIMBA LOGISTICS PRIVATE LIMITED, the legal entity associated with Shyplite, generated between ₹50 Cr and ₹100 Cr in revenue for the financial year ending on Mar 31, 2022. The revenue of SIMBA LOGISTICS PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 91% in the last 1 year.

Financial Statement Summary

Metrics	FY 2021-22	FY 2020-21	FY 2019-20	FY 2018-19	FY 2017-18
Income Statement
Revenue	8043	7706	4797	2300	9885
Total Sales	2059	1138	1508	3902	4408
Total Expenses	4482	5472	8797	3003	2743
Operating Expenses	3050	6402	8931	3962	6725
Employee Expenses	3223	1327	8163	8437	1393
Operating Income (EBIT)	6779	3877	1678	4853	2758
Interest Expenses	5040	3486	8448	9964	8630
Expenses from other activities	2640	9749	4418	3324	3186
EBITDA	4477	6673	2774	7353	1623
Taxes	5541	2752	7486	3927	2510
Net Profit	5894	9013	4371	5647	3203
Balance Sheet
Assets	4862	8646	4929	7803	7887
Accounts Receivables	7033	7343	2706	1426	9939
Inventory	6586	3784	6543	1072	4012
Liabilities	4612	1107	7941	8054	5995
Total Debt	1830	6419	1369	3632	1706
Accounts Payable	3685	2130	5114	2272	1247
Equities	7247	3379	1749	5730	3895