WeShip

All-in-one shipping platform for e-commerce

AuthorAuthor

Manuel Pozas & Diego Elizondo
July 11, 2023

Latin America emerged as the world's fastest-growing e-commerce market in 2020, with expectations of doubling its growth by 2025.

As e-commerce thrives, low shipping rates will become crucial for profitability.

Let's dive in.

Imagine this

  • You run an e-commerce store, where managing orders and shipping take up most of your time.

  • Manually printing labels, tracking shipments, researching and comparing carrier rates to find the most cost-effective price is tedious and time-consuming.

  • Unfortunately, this leaves little room for growth and innovation in your business.

  • You need something that streamlines and automates your processes so it frees up your time.

  • That's where WeShip comes in, offering an all-in-one shipping platform that integrates seamlessly with popular e-commerce platforms.

Explain it like I'm five

WeShip is a platform that automates and manages shipments for e-commerce stores.

  • They provide discounted shipping rates from top carriers and help find the best shipping options based on specific needs and budgets.

  • Real-time dashboard for clients to track shipments across multiple carriers with automatic email and notification alerts at each stage.

The ABCs

  • Industries: Logistics, e-commerce, delivery

  • Headquarters: Monterrey, Mexico

  • Year Operations Started: 2021

  • Team Size: 6

  • Raised: Bootstrapped

  • Accelerator: Google for startups

  • Business Model: B2B - Charges businesses and e-commerce stores a fee per shipping label.

Other players

Background check

What we like:

  • High-growth potential: The e-commerce market in Latin America is growing rapidly, presenting a significant growth opportunity. WeShip has been growing double digits in month-to-month sales.

  • Demographics Trend: Latin America's young population and growing middle class provide a large and growing market for e-commerce.

  • Product Expansion: New SaaS in development with shipment tracking dashboard for multiple carriers. Opening to non-WeShip clients to target bigger customers and increase revenue. (Similar to Aftership)

  • Customer experience: Most available platforms haven't figured out how to create a user-friendly platform. WeShip has a simple interface that’s easy to navigate and understand.

  • Client Portfolio: Most clients are e-commerce stores from Shopify, Woo Commerce, and tiendanube. But recently, they have been focusing on customers who sell on marketplaces like Home Depot, Liverpool, and Walmart to expand their target market.

Road Blocks:

  • Competition: WeShip faces some problems when it comes to competition. Long before WeShip started, there were very big established players in the market. Some of their competitors have received more than $20M in funding.

  • Dependence on third-party carriers: WeShip relies on carriers to transport packages, which may be subject to delays or other issues caused by carrier operations.

  • Negotiating: One of the biggest challenges is dealing with third-party couriers. Companies such as DHL, FedEx, and UPS can pose a significant challenge due to their bargaining power.

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