Shipsy launches ‘network module’ for Indian MSMEs/SMEs; on-boarded over 5000 exporters

Shipsy has announced to extend its platform for free of cost to the SMEs/MSMEs in India under its ‘Network Module’. The platform will provide SMEs/MSMEs access to utilities to connect with the verified agents and get access to competitive rates as well as much better service levels due to these vendors being verified by Shipsy. The platform offers a bouquet of services like price procurement, documentations handling and container tracking to improve on-time delivery of goods. Soham Chokshi, Co-Founder & CEO at Shipsy, said, “The MSME/SME segment has perhaps been the hardest hit segment in COVID-19, and the segment is in a desperate need to expand their business by going international. With a vision and aim to scale up Indian MSMEs/SMEs and give a boost to Atmanirbhar Bharat, we have launched ‘Network Module’ for MSMEs/SMEs to help the sector navigate through the challenges of exporting goods and most importantly help them become cost competitive in the global arena by reducing their freight costs. We have on-boarded more than 5000 small enterprises for this. We aim to expand the offering to Pan India and plan to cover more than 20,000 enterprises by the end of this fiscal. Our offering is aligned with ‘Atmanirbhar Bharat’ and ‘Make in India’ initiatives and it will enable the sector for long term sustainability, profitability and will address the needs of the SMEs/MSMEs. There are around 36 million SMEs operating in the country, generating 80 million employment opportunities and contributing 8 per cent to India’s GDP. We are currently processing 1.5 million transactions through our platform on daily basis and processes over 10 per cent of India’s total containerised export and import volume.”

Last year Shipsy launched its EXIM vertical with an aim to build the operating system of global trade and on-boarded the largest enterprises of India from petrochemical, steel manufacturers, Agro exporters, Textile exporters. Shipsy currently works with 5 of the top exporters/importers in India and during the course Shipsy on-boarded the best vendors on its platform.