2024 Revenue
$3.4M
Funding
$0
YOY
8.1%
Team
25
Founded
2012
How VersaFleet CEO Shamir Rahim grew VersaFleet to $3.4M revenue with a 25 person team in 2024.
Provider of a cloud-hosted transport management platform intended to automate modern supply chains easily. The company's cloud-hosted platform includes route optimisation, electronic Proof-Of-Delivery, instant notifications and real-time job-status tracking, enabling fleet operators to manage their operations in a hassle free manner.
Last updated
VersaFleet Revenue
In 2024, VersaFleet's revenue reached $3.4M. The company previously reported $3.1M in 2023. Since its launch in 2012, VersaFleet has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2024 | VersaFleet Hit $3.4m revenue in October 2024 |
| 2023 | VersaFleet Hit $3.1m revenue in December 2023 |
| 2021 | VersaFleet Hit $2.3m revenue in April 2021 |
| 2012 | Launched with $0 revenue |
VersaFleet Valuation, Funding Rounds
VersaFleet is a bootstrapped Transportation Management Systems (TMS) startup. Founded in 2012, VersaFleet has grown to $3.4M in revenue without raising any venture capital or outside funding.
As a self-funded Transportation Management Systems (TMS) SaaS company, VersaFleet has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold |
|---|
VersaFleet Employees & Team Size
VersaFleet employs approximately 25 people as of 2026, down from 26 in 2023.
VersaFleet has 25 total employees in different roles and functions.
| Year | Milestone |
|---|---|
| 2024 | Reached 25 employees (October 2024) |
| 2023 | Reached 26 employees (December 2023) |
| 2022 | Reached 24 employees (December 2022) |
| 2021 | Reached 23 employees (December 2021) |
| 2021 | Reached 27 employees (April 2021) |
Founder / CEO
Shamir Rahim
Founder & CEO of VersaFleet (f.k.a. Sypher Labs). ounder & CEO of VersaFleet, Shamir believes in automating the world’s logistics operations. He left the lab early and started his career in the cardiovascular & cardiac surgery product teams at Sanofi and Medtronic. In a business development role in a venture builder, he helped to launch several biomedical start-ups. He then founded VersaFleet by serendipity, creating a powerful SaaS transport management system while actually trying to invent a medical device. Shamir holds a Master of Science (MSc) in Supply Chain Management from National University of Singapore (NUS) Faculty of Engineering. He was awarded 'Supply Chain Professional of the Year 2019' (Supply Chain Asia); named by Prestige in its ‘40 under 40’ list; is a Spirit of Enterprise Honouree (2017); was awarded ‘Youth Entrepreneur of the Year 2016’ (SMCCI); recognized by PM Lee in his 2017 New Year message; and serves on several national committees, including the CPF Board.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for VersaFleet yet.
Frequently Asked Questions about VersaFleet
What is VersaFleet's revenue?
VersaFleet generates $3.4M in revenue.
Who founded VersaFleet?
VersaFleet was founded by Shamir Rahim.
Who is the CEO of VersaFleet?
The CEO of VersaFleet is Shamir Rahim.
How much funding does VersaFleet have?
VersaFleet raised $0.
How many employees does VersaFleet have?
VersaFleet has 25 employees.
Where is VersaFleet headquarters?
VersaFleet is headquartered in Singapore, Singapore.
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Compare VersaFleet to the industry
VersaFleet operates across multiple industries. Browse revenue, funding, and growth data for VersaFleet in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .