2024 Revenue
$3.4M(Est.)
Funding
$0
Team
25
Founded
2012
VersaFleet Revenue (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 | Source |
|---|---|---|
| 2024 | VersaFleet Hit $3.4m revenue in October 2024 | Estimated |
| 2023 | VersaFleet Hit $3.1m revenue in December 2023 | Estimated |
| 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 | Source |
|---|
Founder / CEO
Shamir Rahim
CEO
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
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Customers
We do not have customer count information for VersaFleet yet.
VersaFleet Employees & Team Size
VersaFleet employs approximately 25 people as of 2026, down from 26 in 2023.
| Year | Milestone | Source |
|---|---|---|
| 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) |
Frequently Asked Questions about VersaFleet
What is VersaFleet's revenue?
VersaFleet generates an estimated $3.4M in annual 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 is bootstrapped and has not raised outside funding.
How many employees does VersaFleet have?
VersaFleet has 25 employees.
Where is VersaFleet headquarters?
VersaFleet is headquartered in Singapore, Singapore.
Compare VersaFleet to the industry
VersaFleet operates across multiple industries. Browse revenue, funding, and growth data for VersaFleet in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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