Shipturtle, a global SaaS platform founded by IIM Calcutta alum Sharad Kabra, has raised INR 3.5 crore in a seed funding round led by Inflection Point Ventures. Sharad has earlier co-founded myBageecha.com and gabbarfarms.com.
The funds will help the company strengthen its technology and expand its customer reach globally. The startup aims to become the world’s largest brand directory, making it easy for brands to discover and cross-sell with other brands, the statement said.
Sharad Kabra, Founder, Shipturtle, says, “Our vision is to enable brands to Sell More Together. We want to democratise e-commerce and give thousands of brands access to more selling channels beyond Amazon and Flipkart. With Shipturtle, any brand can seamlessly offer other complimentary brands to their customers – increasing AOV, conversions and revenue, while lowering CAC – all with zero investment or risk.
Ivy Chin, Partner, Inflection Point Ventures says, “We are excited to work with Sharad as Shipturtle is built from the learnings of one of the country’s largest gardening marketplaces, myBageecha.com. Shipturtle’s full stack marketplace creation solution enables launching of a marketplace in minutes and scaling operations: streamlining & automating of inventory data, orders, payments, shipping operations & dashboards making them a critical enabler for e-commerce including D2C brands.”
