Summary
ShipHero, co-founded by Nicholas Daniel-Richards and Aaron Rubin in 2013, offers SaaS solutions for warehouse management and outsourced e-commerce fulfillment. The company caters to e-commerce businesses seeking efficient management of warehouses, inventory, orders, and shipping. ShipHero has bootstrapped its way to $30 million annual revenue, processing over $5 billion of e-commerce GMV annually. It provides a straightforward, app-based solution for warehouse operations and integrates with platforms like Shopify.

Unique Aspect
ShipHero stands out for its dual offering of a user-friendly warehouse management software and a comprehensive outsourced fulfillment service, targeting a broad spectrum of e-commerce businesses.

Approach to kick off
Initially, ShipHero started as a soft launch, using the software in Aaron’s warehouse for beta testing and gradually expanding to other businesses through networking within the e-commerce community.

Scoop

Business Model Viability
ShipHero's business model, offering both a SaaS platform and fulfillment services, addresses a growing need in e-commerce, showing strong viability for sustained growth.

Future Projections
Plans for expansion into European markets and further development of logistics capabilities, including machine learning and AI optimizations, indicate a robust growth trajectory.

Startup Stats

📊 ARR: $28,800,000

📈 MRR: $2,400,000

🚀 Startup Costs: $3,500

👥 Team Size: 193

🌍 Market: Targeting e-commerce companies for warehousing and order fulfillment services

👨‍💻 Users: Processes over $5 billion of e-commerce GMV annually

💰 Funding: Bootstrapped with $435,000 in outside capital investment, no VC money raised