Corporate Partner & Head of Mergers & Acquisitions Ng Yi Wayn led the team to act for Trail Mix Ventures (TMV ) , a New York-based venture capital firm, as the lead investor in the latest US$2.7 million Series A funding round for ShipsKart, a Singapore-based supply chain e-commerce solution for maritime and offshore.
ShipsKart is a business to business (B2B) online marketplace where maritime operators can purchase everything required for ships (including vessel supplies or provisions for crew members) to maintain uninterrupted and efficient operations.
Customers purchasing from ShipsKart include vessels, vessel managers, ports, and shipyards. ShipsKart has a wide network of 500+ partners across 40+ countries, allowing customers to purchase their supplies at any remote port across the globe.
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 ShipsKart team plans to open physical fulfilment warehousing centres located near ports for greater efficiencies.
The oversubscribed $2.7 million Series A funding round was led by Trail Mix Ventures (TMV) and Hermes Offshore, with strategic investments from Motion Ventures, Tradeworks.vc and Eternia Investments.