Singapore’s ShipsKart raises $2.7M Series A funding led by TMV and Hermes Offshore

Shipskart has closed an oversubscribed $2.7 million Series A to bring one of the maritime and offshore industry’s most analogue processes, the procurement of essential vessel supplies, online. The round was led by TMV and Hermes Offshore, with strategic investments from the likes of Motion Ventures, and Eternia Investments. The fresh injection of funds will accelerate ShipsKart’s plans to expand its global footprint to other countries with strategic partnerships along with physical offices and warehouses. The team plans to open physical fulfilment warehousing centres located near ports for greater efficiencies. Doing so will help to improve cost-effectiveness and delivery services to meet the schedule of ships as they port.