The Philippines’ e-commerce market now has a gross merchandise quantity of $12 billion, a 132% enhance from 2020, and is anticipated to attain $26 billion in GMV by 2025. This clearly good information for on-line sellers, nonetheless it additionally means extra transport problems, particularly for smaller sellers that should drop off packages at couriers’ warehouses.
Shipmates wishes to save heaps of them time and money by consolidating a quantity of couriers into one platform. on-line sellers can e book couriers by way of its app, who then come to their location and choose up packages. The startup, a Y Combinator and Iterative alum, introduced right now it has raised $2.2 million in seed funding. The spherical included Cathexis Ventures, Wavemaker companions, Taurus Ventures, Capital X and Sketchnote companions.
Shipmates founders David Marquez and Josh Supan
based in July 2021 by CEO Josh Supan and CTO David Marquez, Shipmates’ aim is to level into the go-to transport computer software for on-line retailers in Philippines, whereas bolstering the nation’s transport infrastructure. Its platform permits on-line sellers to match costs between utterly different couriers and e book customary or a quantity of orders.
The platform is at present constructed-in with 9 courier firms, and the founders say its the one aggregator inside the Philippines that has each on-demand and customary couriers.
Supan and Marquez are childhood pals who started an e-commerce enabler in 2017. Supan advised TechCrunch they “pivoted from that after we noticed that the subject of the retailers wasn’t getting on-line, it was transport their on-line orders.”
Shipmates’ goal prospects are small- to mid-sized on-line sellers whose typical basket sizes range from $20 to $50. Supan defined that the transport course of inside the Philippines continues to be handbook as a end result of couriers aren’t related to e-commerce platforms, and rely upon enterprise householders to bodily drop off packages at a hub or warehouse.
as a end result of of this, many on-line sellers want a day to ship out orders. Shipmates, nonetheless, reduces that course of to diminish than 10 minutes, Supan acknowledged. The platform additionally automates waybills and tackle validations.
Shipmates monetizes by charging 30 cents for every order booked by way of its platform. Supan says its income has been rising 30% month-over-month since launching its platform final December.
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