AfterShip, a Hong Kong-based tracking platform for e-commerce businesses, raised $66m in Series B financing.
The round was led by Tiger Global with participation from Hillhouse Capital’s venture arm GL Ventures.
The company intends to use the funds to increase international hiring, develop new e-commerce products, and continue US market penetration.
Founded in 2012 by Teddy Chan, CEO, AfterShip provides shipping and tracking solutions for businesses ranging from home entrepreneurs to multinational corporations. Profitable since its launch, the company has grown to handle more than 6 billion shipments annually through more than 740 partner carriers without sales or marketing support. In addition to its shipment tracking platform, AfterShip features apps that service customers from the beginning through the end of their purchasing journey, including post-purchase engagement products (Returns Center and Postmen), Sales & Marketing solutions (Marketing, Dropshipping, Reviews, Shopping, and Traffic), and mobile apps (AfterShip mobile, All-in-One Shopping).
More than 10,000 companies around the world partner with AfterShip for their shipping solutions, including merchants on e-commerce platforms (Shopify, Magento, and Squarespace) and top marketplaces (Amazon, eBay, Etsy, Groupon, Rakuten, and Wish), as well as major retail brands (Inditex, Harry’s, Dyson, Gymshark, Blenders Eyewear, Pura Vida Bracelets, and Kylie Skin).
FinSMEs
22/04/2021
About AfterShip
Founded in 2012, AfterShip is a shipment tracking platform for online retailers to improve consumers’ post-purchase experience. Integrated with more than 740 carriers worldwide, AfterShip tracks more than 6 billion shipments per year. Currently, more than 200 top brands and more than 50,000 Shopify merchants utilize AfterShip to give their consumers peace of mind from shipment, anticipation to delivery. Partnering with leading e-commerce platforms such as Shopify, Magento, and Squarespace, AfterShip provides branded tracking pages and sends proactive delivery updates. Major marketplaces like Amazon, eBay, Etsy, Wish, and Lazada, and brands like Inditex, Harry’s, Dyson, Gymshark, Blenders Eyewear, Pura Vida Bracelets, and Kylie Skin employ AfterShip to customize their own shipment tracking solution and add value to their merchants and consumers.
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