Last Mile Delivery Software
Shipit is a Chilean tech-logistics platform for ecommerce sellers that manages the full parcel journey, selecting the optimal carrier, arranging pickup, and taking responsibility for delivery from origin to destination. Founded by Allan Guiloff, the company operates primarily in Chile and connects ecommerce merchants with a network of carrier partners it has cultivated over seven years, earning a take rate on gross merchandise volume rather than charging a flat SaaS fee. The company reached peak GMV of approximately $13M in 2021 before a severe Chilean macroeconomic contraction, driven by government-approved pension fund withdrawals, surging inflation, and rising interest rates, cut retail volumes sharply. Revenue fell to $6M in 2022 and is projected to remain at $6M in 2023. A failed $10M venture capital raise in 2022, which had a signed term sheet at a $13M pre-money valuation that was subsequently withdrawn, forced Guiloff to restructure without external capital. Guiloff executed a dramatic operational reset in the second half of 2022, cutting headcount from 110 to 25, closing the Mexico operation, and negotiating extended payment terms with carrier partners to manage roughly $2M in accumulated supplier debt. The company swung from burning approximately $200K per month to generating positive cash flow of $40K per month in 2023, with projected EBITDA of $500K for the year. A deliberate price increase of roughly 10% lifted the take rate from 18 to 19 percent to approximately 26 percent, a gain of nearly 40 percent, while reducing the customer base from 1,000 to 800.
- Revenue
- $2.2M
- Customers
- 800
- Year founded
- 2015
- Funding
- -
- Team size
- 38
- Location
- Chile