Maritime Procurement startup Shipskart raises Series A Funding via Enablers

Shipskart, Singapore-based B2B supply chain startup in the maritime and offshore segment has raised USD 2.7 million in Series A round led by Trail Mix Ventures (TMV) and Hermes Offshore. Strategic investors including Motion Ventures, and Eternia Investments also participated in the round. ValPro’s startup advisory vertical, Enablers, was the advisor in this transaction.

Founded in 2017 by Dhruv Sawhney, along with Sunny Bagla and Vivek Sahi, Shipskart operates as a B2B online marketplace where vessels, vessel managers, ports and shipyards can purchase marine products, consumables, equipment and service products that are required for efficient operations onboard ships. The platform empowers mid-segment shipping companies and suppliers to streamline their procurement lifecycle. The company has a wide network of 500+ partners across 40 countries.

The equity infusion will accelerate Shipskart’s plans to expand its India operations by opening physical fulfilment warehousing centres located near ports for greater efficiencies.