ClickPost, a leading shipping intelligence platform, has successfully raised $6 million in its Series A funding round. The investment was spearheaded by Inflexor Ventures Partners and Athera Venture Partners, with participation from Riverwalk Holdings and existing investor Rebright Partners.
This funding milestone marks a significant leap for ClickPost, which had previously secured an undisclosed amount in seed funding in April 2020.
In a recent press release, the company outlined its strategic allocation of the newly acquired capital. A significant portion is earmarked for developing and launching innovative AI-driven modules, further solidifying ClickPost’s position as a pioneer in logistics management technology. Additionally, funds will be allocated to fuel global expansion initiatives and bolster the company’s talent pool through strategic hiring efforts.
Conceived initially as a developer tool to streamline integration with courier APIs, ClickPost swiftly evolved into a comprehensive post-purchase experience platform tailored for brands. Founded by Naman Vijay, ClickPost is an all-in-one logistics management solution offering a spectrum of services ranging from pre-purchase delivery date accuracy to seamless multi-carrier integration, real-time tracking visibility, and efficient returns and exchange management. Moreover, ClickPost enables omnichannel enablement, empowering brands to optimize their logistics operations across various sales channels.
Highlighting its impactful solutions, ClickPost shared notable success stories, including helping large fashion retailers achieve an impressive 35% conversion rate of returns to exchanges. Furthermore, the platform has significantly enhanced shipping Net Promoter Scores (NPS) for its clientele by up to 40%.
Driven by a commitment to excellence, ClickPost boasts a staggering daily tracking volume of over 1 million shipments. With ambitious growth projections, the company aims to amplify its scale fivefold over the next two years. Currently serving over 300 enterprises spanning regions such as India, North America, APAC, and the Middle East, ClickPost continues revolutionising the logistics landscape with its cutting-edge solutions.
As ClickPost embarks on its next phase of growth, fueled by this substantial funding infusion, the company remains poised to redefine industry standards and unlock new possibilities in logistics management and customer experience optimization.
