
Zip24
Zip24 is an on-demand software or “Software-as-a-Service” (SaaS) that streamlines operations management functionalities for e-commerce businesses.
USD | 2023 |
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Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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Zip24 is a Dubai-based tech startup that provides on-demand software solutions to streamline operations management for e-commerce businesses. The company operates in the logistics sector, offering Software as a Service (SaaS) products that help businesses manage their delivery and warehouse operations more efficiently.
Zip24 serves a diverse range of clients worldwide, from small and medium-sized enterprises (SMEs) to larger corporations. The company's primary market is e-commerce logistics, where it aims to simplify and optimize the complex processes involved in managing deliveries and warehouse inventories.
The business model of Zip24 revolves around its two main products: Shipox DMS and Storfox WMS. Shipox DMS is a delivery management software that allows businesses to manage their pickup and delivery operations with precision. It helps in prioritizing and assigning drivers, ensuring efficient and timely deliveries. Storfox WMS, on the other hand, is a warehouse management system designed for SMEs. It offers a fast and straightforward way to manage warehouse operations, from inventory tracking to order fulfillment.
Zip24 generates revenue through subscription fees for its SaaS products. Clients can start with a free trial and then opt for various pricing plans based on their needs and the scale of their operations. This recurring revenue model ensures a steady income stream for the company.
The recent funding of US$1.2 million, led by London-based Sturgeon Capital and angel investors from the UK and Gulf Cooperation Council, will be used to fuel the company's expansion plans. This investment highlights the confidence investors have in Zip24's growth potential and its ability to revolutionize the logistics software market.
Keywords: logistics, SaaS, e-commerce, delivery management, warehouse management, Shipox, Storfox, Dubai, startup, subscription model.