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Zipaworld forays into ocean freight
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SME Times News Bureau | 28 Feb, 2021
Logistics startup Zipaworld announced its foray in the ocean freight
booking segment and expects at least three-fold growth in its turnover
in the next financial year (FY22) on the back of the expansion in its
business.
Ambrish Kumar, Founder of Zipaworld and Group CEO of
AAA 2 Innovate Private Ltd, said that the company also plans to come up
with an intercity courier service in 2021, which would give further
boost to its revenues.
He anticipates a multi-fold growth in logistics volumes with the latest entry into the ocean freight segment.
The
startup established during the initial phase of the pandemic has
already reached breakeven and so far as a revenue of around Rs 9 crore
and Kumar expects to end this fiscal with a turnover of Rs 12 crore.
"Next
financial year it may see three-fold or even a five-fold rise. We are
also targeting Rs 50 crore turnover as we are going to get some fund
too," Kumar said.
Noting that the company has so far been self-funded, he said that interest is being shown by several investors and funds.
"With
the air and ocean freight booking enabled through a single platform,
shippers, exporters, manufacturers and other logistics aspirants from
every nook and corner of the country can now carry out their logistics
requisites virtually and easily," he said.
Under the 'Make in
India' initiative, the government aims to increase the share of the
manufacturing sector in the GDP. As access to the global markets must
tag along with the growth of manufacturing sector, seamless logistics
system must also be in place, said the company statement.
Zipaworld's
ocean platform like its air counterpart provides a digital gateway to
book all kinds of products, like pharmaceuticals, APIs and medical
goods, textiles, farm produces, perishable goods, automobiles and
spares, leather goods, handicrafts, machinery parts, odd and heavy
cargo and so on.
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