News / Shypmax said to be latest in list of failing Indian tech start-ups

Photo: © Vitalij Sova | Dreamstime.com

Indian logistics tech start-up Shypmax seems set to follow in Freightwalla’s footsteps: the notable digital freight forwarder shut operations a year ago amid financial distress.

AI-backed cross-border logistics platform Shypmax was founded in 2020, with Nisschal Jaain said to be its driving force and industry face.

But operations have reportedly hit a barrier as trade complaints against the Gurugram-based firm mount, due to its alleged failure to meet contractual obligations to clients, according to industry sources.

Social media indicates the company has ...