ShipEase has bagged a deal worth $5,50,000 in non-dilutive funding via Recur Club. The software-as-a-service (SaaS) enabled logistics platform will use the funds primarily for technology advancements and further building its brand amongst the D2C segment. 

ShipEase’s integration with virtual shop platforms such as Amazon, Shopify, Flipkart, eBay, Magento, OpenCart, and WooCommerce, among others, makes it easy for businesses to use its logistics services. Businesses can simply connect their shop to ShipEase and start shipping their products via them. 

The company has also expanded its cloud operations in cross-border trade and partnered with Aramex and UPS for the same. ShipEase's future plans include international expansion and entering the warehousing industry in the next financial year.  

“We are excited to partner with Recur Club to help us scale our business,” said Pawan Kumar, co-founder and CEO of ShipEase. “Recur Club’s non-dilutive financing has allowed us to access the capital we need without giving up any equity. We have also benefited from the Recur Club community, which has given us access to a network of experts and investors.”

Eklavya Gupta, the co-founder of Recur Club, said, “ShipEase is a leading logistics platform that is helping businesses of all sizes to scale. They are allowing businesses to reach a global audience with their products. We are thrilled that Recur Club financing can contribute to the ShipEase journey.”

India’s SaaS industry can touch $75 billion by 2025 and create a market capitalisation of more than $1.3 trillion, according to a report by Chiratae Ventures and consulting firm Zinnov, capturing around 19 per cent of global demand for software products by then.