Topship Analysis
What is Topship?
Topship is a global shipping platform facilitating the import and export of packages for businesses and individuals at flexible prices.
Employees
20
Founded
2020
Revenue
$6,953,957
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Product Features & Capabilities
- door-to-door freight service, local and international shipping, flexible pricing, real-time tracking, mobile app for booking and scheduling, automated global shipping for online stores, shop and ship service from international stores
Pricing
- Imports from China: Starts from USD 9 per kg.
- Shop and Ship: Shipping costs $20 or £20 per kg (inclusive of customs clearance charges and doorstep delivery in Lagos).
- Sea Freight: £4.00 per kg (includes customs clearance charges; minimum weight of 100 kg).
- Export Budget Plan:
Who are the founders of Topship
ME
Moses Enenwali
Founder
JB
Junaid Babatunde
Founder
Business Model
Revenue from shipping insurance and transaction margins; exploring trade financing and customs fees.
Market Focus
Topship primarily focuses on the shipping and logistics industry, providing a global platform for the import and export of packages for businesses, individuals, and third-party logistics companies.
Investors
- Arash Ferdowsi
- Capital X
- Colabora Ventures
- Epakon Capital Management
- Flexport
- Y Combinator
- FoundersX Ventures
- Soma Capital
- Starling Ventures
- Olive Tree Capital
- TRUE Capital Management
Competitors Overview
Topship's main competitors in the shipping and logistics market include:
- FlavorCloud: Founded in 2012, FlavorCloud specializes in cross-border e-commerce shipping solutions. It has raised $18.3 million in funding, giving it a significant financial advantage. FlavorCloud focuses on simplifyin
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