March 2021 \ Business & Investment \ BUSINESS: LOGISTICS
Zipaworld forays into ocean freight

Logistics startup Zipaworld has announced ...

Logistics startup Zipaworld has 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.

Tags: Zipaworld