Shippit Raises AU$30M in Series B Funding


Shippit, a Sydney, Australia-based ecommerce and logistics technology company, raised an AU$30m (US$22m) Series B equity funding.

The round was led by Tiger Global alongside local representative Jason Lenga. 

The company intends to use the funds for expansion in the South-East Asia region, for product and technology enhancements by a team of engineers in their Sydney development hub, and key hires. 

Led by CEO William On, Shippit provides fulfilment technology to thousands of retailers including Sephora, Big W, Target, and Temple & Webster. The software improves order fulfillment, drives increased sales conversion and enhances customer experience. It allows retailers to choose who delivers their order and how it is delivered. Shippit currently handles 5 million deliveries a month in Australia alone and is growing both in Australia and in South-East Asia.



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