Company expanding its employee pool
Shipsy, a leading SaaS-based smart logistics management provider, recently announced its first ESOP (employee stock ownership plan) buyback.
In a press communique, the company said that the buyback was open to all existing, full-time employees of Shipsy who have completed at least one year of full-time employment.
To scale its operations, the SaaS provider is rapidly expanding its employee pool and hiring top talent from across the globe. In a span of fewer than seven years, Shipsy’s people strength has crossed more than 350.
“We extended the buyback option to make these victories sweeter for our employees and their families, who have been consistent partners in our success. It is just one way of expressing our gratitude for the value they bring to the company,” observed Soham Chokshi, CEO and Co-founder, Shipsy.
The leading SaaS-based smart logistics management provider raised US$ 25mn earlier this year from its partners, taking its overall funding close to US$ 33mn.
Besides India, where the company has its headquarters and a strong presence in the Middle East and Southeast Asia and soon plans to set up offices in the Americas and Europe, the press statement concluded.