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The Philippine e-commerce market currently has a gross merchandise volume of $12 billion, a 132 percent increase from 2020, and is expected to reach $26 billion in GMV by 2025. This is obviously good news for online sellers, but it also means more shipping. A headache, especially for small sellers who have to drop packages in post offices.
Shippers want to save time and money by consolidating multiple couriers into one platform. Online sellers can book couriers through the app, who then come to their location and pick up the packages. The startup, a Y Combinator and Iterative alum, has announced that it has raised $2.2 million in seed funding. The round included Cathexis Ventures, Wavemaker Partners, Taurus Ventures, Capital X and Sketchnote Partners.
Ship founders David Marquez and Josh Supan.
Founded in July 2021 by CEO Josh Supan and CTO David Marquez, Shipping Meters’ goal is to strengthen the country’s shipping infrastructure and become the go-to shipping tool for online merchants in the Philippines. Its platform allows online sellers to compare prices between different consignments and book level or multiple orders.
The platform is currently integrated with 9 courier companies and the founders say it is the only aggregator in the Philippines with both on-demand and regular couriers.
Supan and Marquez are childhood friends who started the e-commerce startup in 2017. Supan told TechCrunch: “From that point of view, we saw the problem of traders not coming online, sending their online orders.
Shippers’ target customers are small to medium-sized online sellers whose typical basket sizes range from $20 to $50. Supan explained that the shipping process in the Philippines is still manual because couriers are not connected to e-commerce platforms and rely on business owners to drop off packages at a hub or warehouse.
Because of this, many online sellers require one day to ship orders. Shipping, however, cuts that process to less than 10 minutes, Supan said. The platform automates tolls and address verification.
Shippers generate revenue by charging 30 cents for every order placed in the platform. Since Supan launched the platform last December, it says its revenue has been growing 30% every month.
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