Opens another RHQ in Middle East to onboard top regional talent
Shipsy, a leading SaaS-based global smart logistics management platform provider, recently announced it clocked around 100% growth in the top line and has established another regional headquarter in Riyadh to aggressively onboard local talent.
Shipsy’s first regional HQ in the Middle East was established in Dubai in 2021. It also highlighted that in the Middle East, the company is expected to clock a growth rate of more than 125% and that it had witnessed a 70% increase in talent pool in the past 15 months.
Prior to these developments, in March, Shipsy announced that it had signed a memorandum of understanding (MoU) with Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, to expedite Saudi Vision 2030. The Gulf has been instrumental in the company’s growth trajectory contributing 35% of its overall revenue.
The MoU highlighted that Shipsy would offer its technology at a significant concession for all customers channeled through Monsha’at. The leading logistics SaaS provider also committed to investing US$ 10 million over five years in the region to drive technology innovation, research and development.
“Continuous growth in customer base across MEA, APAC and SEA, rapid technology innovation and steady increase in human resources have made it possible for Shipsy to become one of the most capital efficient startups with negligible burn, and nearing profitability,” noted Harsh Kumar, Chief Strategy Officer, Shipsy.
The logistics SaaS provider’s AI and automation powered solutions are enabling businesses across industries to reduce transportation costs, boost customer experience, mitigate logistics risks, shrink carbon footprint and build proactive supply chain processes.
