The Ledger
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Shippo processes over 1 million packages per month
“And today we're doing millions of packages a month.”
Shippo achieved profitability in early 2016
“So we've been able to be profitable since early this year.”
Shippo will not sell to carriers like UPS or FedEx
“Here, what we're talking about is that we really try to be carrier agnostic. So we don't want to be owned by the UPS or FedEx or USPS. We want to work with all different shipping providers. That's the power of the platform.”
Carriers excel at physical transport but fail as tech companies
“The shipping providers, they're awesome at transporting your items, but they're not tech companies.”
Behrens-Wu: Shippo charges a flat five cents per shipping label
“No, it's pay as you go. It's five cents per label and that makes it interesting for like any type of e-commerce store, the really small ones just getting started. To bigger e-commerce stores shipping hundreds of thousands of packages.”
Shippo serves over 10,000 shipping customers per month
“We have more than 10,000 customers a month shipping with us.”
Behrens-Wu: Shippo offers discounts up to 60% off retail shipping rates
“So our discounts depending on size and weight and shipping provider go as high as 60% off compared to retail shipping rates.”
E-commerce platforms and marketplaces are Shippo's ideal acquisition fit
“So, I mean, shopping platforms are, e-commerce platforms are a good fit. Marketplaces are a good fit. I love the Shopify team. We work closely together with Shopify. But at this point, we're not really thinking of an exit yet.”
500 Startups rejected Shippo's founders before their pivot to logistics
“We applied with that e-commerce store to 500 startups. We got rejected. We were devastated. Like we didn't know what to do. We thought our dreams were now all like shattered. And then half a year later, we made a successful pivot and joined 500 startups.”