Shipnow was founded three years ago by four partners, one of whom – Tomás Allende – set up the logistics department of the MercadoLibre marketplace, an Argentinian ‘unicorn’ (i.e. a startup company valued at over $1 billion). Shipnow provides e-commerce companies with logistics services covering storage and delivery. The founders established the startup with their own funds, prior to raising $150K from three business angels.
The firm has already really shaken up the delivery business in Argentina. An API is available to e-merchants to enable them to link up with the Shipnow platform. All their stock will then subsequently transit the Shipnow warehouses, which will manage the stock and delivery logistics in accordance with the order information coming through the API. Shipnow is thus offering its clients a tailor-made stock management service, which is especially useful for merchant sites whose business is seasonal. Allende describes Shipnow as a ‘co-working space for logistics’. The company’s key focus is to alleviate the heavy costs of storage and delivery that are often an obstacle to growth at small companies. The founders are now planning to pursue gradual expansion throughout the South American continent.