ShipBob launched in 2014 with one goal in mind: to combine in-house fulfillment and technology to give customers a hassle-free way to manage inventory and ship products. Since opening its doors, ShipBob has helped more than 1,000 ecommerce companies ship more than two million packages to date. The company is growing nearly 500% year-over-year and is projected to ship more than 500,000 packages around the holidays – an increase of more than 300% from fourth quarter 2016.
ShipBob is also ever-expanding its software and launched a new application for iOS phones. This app allows customers to track their shipments and inventory from anywhere in real-time. They also recently announced integrations with Walmart, Stitch Labs, and Zapier to provide a seamless experience for customers who use these partners.
ShipBob continues to scale its corporate and warehouse workforce. David Pickel recently became the first CFO after serving as the European CFO for Avant. Additionally, Nicholas Jensen came on board as the senior director of fulfillment, after spending five years at Amazon as a general manager. ShipBob is now at 100 employees, an increase of 30% since 2016.
“2017 has been our best year yet, and we still have the busy holiday season approaching,” said ShipBob CEO and co-founder Dhruv Saxena. “In the third quarter alone, we shipped 318% more packages than the same time last year. It’s a great indicator that small and medium-sized ecommerce businesses around the country understand what ShipBob can do for them.”
As the company continues to expand, they have also added outside board members, including Ajay Agarwal, managing director of Bain Capital Ventures.
“Rapid, low cost shipping has become an imperative for any brand that is selling online,” said Agarwal, who led ShipBob’s Series B funding. “ShipBob has quickly become the leader in ecommerce fulfillment for small and medium merchants who recognize that fast, seamless, and personalized fulfillment and returns is core to their brand experience.”
Earlier this year, ShipBob secured $17.5 million in Series B funding, which positions them for growth into the future.
“Our funding further legitimized what we’re bringing to the logistics and warehousing space,” continued Saxena. “The space is constantly evolving, and we are prepared to grow along with our customer base and meet every challenge they present to us.”
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