Shipsi, is leveling the “instant shipping” playing field in retail by announcing today the close of its $1.9 million seed round fundraise, led by Mayra Tama at Initial Capital and Jesse Draper from Halogen Ventures. Additional investors include Precursor Ventures and Stage Venture Partners.
Founded in 2017, Shipsi’s technology gives retailers the power to offer same-day shipping by plugging into last-mile networks to deliver goods.
Over the coming years, the company is slated to give thousands of retailers the power to compete with Amazon Prime’s “same-day shipping” option—which, until now, has been a massive advantage for the retail giant.
“Competing with Amazon Prime’s delivery is a constant challenge for brands. It’s no surprise consumers want everything now. Retailers of any size can either take action, meet today’s consumer demands and thrive or wither away and die in today’s turbulent retail market.”
Shipsi cofounder and CEO Chelsie Lee
Shipsi’s technology seamlessly integrates with a retailer’s existing website and supply chain, often without requiring a single change to the existing process.
Brands, retailers and platforms such as Shopify and Demandware, among others, are already leveraging Shipsi’s technology to provide an efficient and hassle-free delivery experience for consumers.
“Consumers want things now, and it shows in the stats. 88% of people are willing to pay more for same-day delivery, and over 25% of shopping cart abandonment is because shipping is ‘too slow.’ That’s why we believe Shipsi’s new technology will dramatically transform the future of retail.”
Mayra Tama, Principal at Initial Capital
For interested merchants, there is no risk to sign up. The Shipsi pricing model is 100% value (volume) based for each retail client, solely based on the ROI they are getting out of it.
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