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Shipsy announces its first ESOP Buyback

Gurugram (Haryana) [India], December 13 (ANI/PRNewswire): Shipsy, a leading SaaS-based smart logistics management provider, recently announced its first ESOP buyback. The buyback was open to all existing, full-time employees of Shipsy who have completed at least one year of full-time employment. Shipsy's early-stage investors have already realized the significant value in the organization's secondary and buyback transactions in the past one and a half years. Shipsy is clocking a growth rate of 2.5x YoY. It recorded its recurring revenue growth of over 100% and grew its customer base by 75 per cent last year. To scale its operations, the SaaS provider is rapidly expanding its employee pool and hiring top talent from across the globe. In a span of less than seven years, Shipsy's people strength has crossed more than 350. Also, to ensure rapid adoption of its technology across the globe, Shipsy is partnering with global system integrators, evangelists, and independent software

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