Shipsy reports sales growth of around 100%

Shipsy, a leading SaaS-based global provider of intelligent logistics management platforms, recently announced that it has experienced revenue growth of around 100% and has established another regional headquarters in Riyadh to aggressively onboard local talent. Shipsy’s first regional headquarters in the Middle East was established in Dubai in 2021. It also highlighted that the company is expected to see a growth rate of more than 125% in the Middle East and that it has seen a 70% increase in the talent pool over the past 15 months.

Prior to these developments, Shipsy announced in March that it had signed a Memorandum of Understanding (MoU) with Monsha’at, the General Authority for Small and Medium-sized Enterprises of the Kingdom of Saudi Arabia, to advance the Saudi Vision 2030 contributes 35% to total sales.

The MoU emphasized that Shipsy would offer its technology at a significant discount to all customers routed through Monsha’at. The leading logistics SaaS provider has also committed to investing $10 million in the region over five years to drive technology innovation, research and development.

“During 2021-2022, we expanded our team members in several regions worldwide. In the last three months we have sent out offers representing 20% ​​of our headcount. Now, with two regional HQs in the Middle East, we are focused on hiring regional top talent and further strengthening our local presence and customer support. We are also aggressively hiring for India as well as global positions across multiple industries. Continued growth of customer base in MEA, APAC and SEA, rapid technological innovation and steady increase in human resources have enabled Shipsy to become one of the most capital efficient startups with negligible overhead and to move closer to profitability,” said Harsh Kumar, Chief Strategy Officer, Shipsy .

Shipsy was recently recognized as a Notable Vendor in the Gartner® Asia/Pacific Context 2023 and International Context: Magic Quadrant™ for Transport Management Systems. This development is a testament to Shipsy’s deep commitment to customers and the continued positive feedback it receives from its customers worldwide.

The logistics SaaS provider’s AI and automation-powered solutions enable companies across all industries to reduce transportation costs, improve customer experience, mitigate logistics risks, reduce carbon footprint and build proactive supply chain processes.

Shipsy is already working with customers in the Middle East in manufacturing, express logistics, retail, grocery delivery and quick trade. Some of these include the world’s auto component manufacturers, the largest confectionery manufacturer and distributor, leading express logistics providers in the region, a leading fast trade grocery provider, an international pizza supply chain, a global Fortune 100 retailer.

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