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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 ....

United Arab Emirates , Gurugram Haryana , Soham Chokshi , Info Edge , Sequoia Capital India , Middle East , Southeast Asia , Gurugram Haryana India , Ecember 13 Ani Prnewswire Shipsy , A Leading Saas Based Smart Logistics Management Provider , Ecently Announced Its First Esop Buyback The Was Open To All Existing , Ull Time Employees Of Shipsy Who Have Completed At Least One Year Full Employment 39s Early Stage Investors Already Realized The Significant Value In Organization Secondary And Buyback Transactions Past Anda Half Years Is Clockinga Growth Rate 2 5x Yoy It Recorded Its Recurring Revenue Over 100 Grew Customer Base By 75 Per Cent Last To Scale Operations , He Saas Provider Is Rapidly Expanding Its Employee Pool And Hiring Top Talent From Across The Globe Ina Span Of Less Than Seven Years , Hipsy 39s People Strength Has Crossed More Than 350 Also , O Ensure Rapid Adoption Of Its Technology Across The Globe , Hipsy Is Partnering With Global System Integrators , Nd Independent Software Providers Quot We Have Seen Tremendous Growth In The Last Few Years Our Success Isa Combined Effort Of Each Us At Shipsy , Nd Celebrating It Together Isa Part Of Our Cultural Dna We Extended The Buyback Option To Make These Victories Sweeter For Employees And Their Families , Ho Have Been Consistent Partners In Our Success It Is Just One Way Of Expressing Gratitude For The Value They Bring To Company , Uot Says Soham Chokshi , Eo And Co Founder Of Shipsy The Leading Saas Based Smart Logistics Management Provider Raised Usd 25 Million Earlier This Year From A91 Partners Z3 , Long With Existing Investors Info Edge And Sequoia Capital India 39s Surge , Aking Its Overall Funding Close To 33 Million Besides India , He Company Has Headquarters Anda Strong Presence In The Middle East And Southeast Asia Soon Plans To Set Up Offices Americas Europe It Envisions Becoming De Facto Platform Globally So That Every Parcel Being Delivered Across Borders Or Withina Country Is Powered By Shipsy 39s Technology Preferred Partner For 220 Businesses Worldwide , Ncludinga Fortune 100 Giant , He World 39s Largest Petrochemical Manufacturer ,