AI powered Logistics startup Shyplite launches - Shypmax: India's first and only Cross border LPaaS (Logistics Platform as a service)
- Shyplite enables international business and
automates their logistics to increase shipping efficiency by providing a
single-window platform integrated with multiple carriers.
- Shypmax is now live
for deliveries to 40 + countries and will soon be covering delivery to 220
Countries progressively (within 3-4 months) with over 70 Carrier and
network partnerships in place globally.
Shyplite, a 4PL AI-powered logistics platform
that enables businesses to automate their logistics and increase shipping
efficiency by providing a single-window platform integrated with multiple
carriers, has launched Shypmax which is India's first and only Cross
border LPaaS (Logistics Platform as a service) which also has asset light
carrier capabilities and an Asset Light Supply Chain Solution, backed by a
contemporary product and stellar service.
Shypmax is
now live for deliveries to 40 + countries and will be covering delivery to 220
Countries progressively with over 70 Carrier and network partnerships in place
globally. Shypmax is also one of the first IOSS ready service in India, with
focus on compliance for new regulations in the European Union (EU).
Shypmax aims to take away
all the pains of delays, compliances, surprise penalties and shocks out of the
Cross Border shipping faced by businesses and their customers' shopping
experience. With the use of Machine Learning (MI) and AI to the service,
Shypmax provide
On the launch
of Shypmax, Nisschal Jain - Founder and Managing Partner, Shyplite
said “We are really ecstatic to be the first company in India to launch a cross
border LPaaS like Shypmax. The product was conceptualised to address problems
faced by thousands of Indian businesses and sellers who have ambitions to
expand their business globally, but their key challenges were complex cross
border shipping and steep pricing. Shypmax will thus enable and empower Indian
SME’s and D2C’s towards sustainable, price effective and simplified cross
border shipping to enable them to expand to global markets.”
Shypmax will cater to
businesses who have shipping needs for their goods being carried out of India
by air such as D2C ecommerce, offline and B2B companies. Businesses can now
ship from 27000 pin codes across India to 220 countries around the world, we
will ship everything from a needle to a bed.
“India Outbound is a 50
billion $ GMV market between D2C and B2B cross border shipping, which roughly
translates to 8% logistics spend. Indian Exports reached its peak at $ 95
billion in the last quarter, the share of Air transport will only increase with
time in the post covid era. The sector is growing at 25% CAGR and we think that
the launch of Shypmax will be beneficial for SMEs across the country and will
help simplify cross border shipping. We are also in advanced talks to create
Inbound India services as a reciprocal arrangement along with our worldwide
carriers.” commented Parinay Itkan - Founder and COO, Shyplite.
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