The Philippines’ e-commerce market now has a gross merchandise volume of $12 billion, a 132% improve from 2020, and is anticipated to achieve $26 billion in GMV by 2025. This clearly is sweet information for on-line sellers, but it surely additionally means extra transport complications, particularly for smaller sellers that have to drop off packages at couriers’ warehouses.
Shipmates needs to avoid wasting them money and time by consolidating a number 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.
Based in July 2021 by CEO Josh Supan and CTO David Marquez, Shipmates’ purpose is to turn out to be the go-to transport instrument for on-line retailers within the Philippines, whereas bolstering the nation’s transport infrastructure. Its platform permits on-line sellers to check charges between completely different couriers and e book commonplace or a number of orders.
The platform is at present built-in with 9 courier corporations, and the founders say it’s the one aggregator within the Philippines that has each on-demand and commonplace couriers.
Supan and Marquez are childhood mates who started an e-commerce enabler in 2017. Supan advised TechCrunch they “pivoted from that once we noticed that the issue 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 vary from $20 to $50. Supan defined that the transport course of within the Philippines continues to be handbook as a result of couriers aren’t related to e-commerce platforms, and depend on enterprise house owners to bodily drop off packages at a hub or warehouse.
In consequence, many on-line sellers want a day to ship out orders. Shipmates, nonetheless, reduces that course of to lower than 10 minutes, Supan stated. The platform additionally automates waybills and handle validations.
Shipmates monetizes by charging 30 cents for each 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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