ShipsKart, a Singapore-based maritime e-commerce platform, has secured a $2.7 million Series A investment to enhance its digital procurement solutions for shipping businesses.

Target Company Overview

ShipsKart, founded in 2017 and based in Singapore, is a pioneering e-commerce platform designed specifically for maritime and offshore businesses. The platform addresses one of the industry's most significant challenges: the procurement of essential supplies. Frustrated by the outdated and time-consuming processes he encountered during his 15 years at sea, Captain Dhruv Sawhney set out to create a solution that would streamline and digitize the entire order process. Today, ShipsKart operates as a centralized online marketplace that facilitates the procurement of vessel supplies, providing maritime operators with a user-friendly interface to manage their purchasing needs efficiently.

Co-founded by Captain Dhruv Sawhney, along with Chief Operating Officer Vivek Sahi and Chief Financial Officer Sunny Bagla, ShipsKart has made significant strides in the industry. The platform has processed over 2,000 successful orders globally, serving a diverse network of 500+ partners across 40 countries. With offices in India, The Netherlands, and Bangladesh, ShipsKart is quickly becoming known as "the Amazon of the shipping world," offering a comprehensive solution that not only simplifies procurement but also provides data-driven insights and budgeting tools for vessel operators.

Industry Overview in Singapore

Maritime logistics is a critical sector in Singapore, predominantly because the country is one of the world's largest shipping hubs. As a strategic node for global trade, Singapore handles a significant volume of shi