Shipwaves Online Limited Secures USD 58,000 International Order Worth ₹52.61 Lakh

2 min read     Updated on 19 Jan 2026, 10:41 AM
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Reviewed by
Ashish TScanX News Team
Overview

Shipwaves Online Limited announced securing an international order worth USD 58,000 (approximately ₹52.61 lakh) in a regulatory filing dated January 19, 2026. The SaaS technology company specializes in logistics and supply chain management solutions, serving customers across India, the Middle East, Europe, and the Far East. With revenue of ₹108 crore and 44.50% CAGR growth, the company operates from offices in Mumbai, Mangalore, and Dubai, providing comprehensive digital platforms for global trade operations.

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*this image is generated using AI for illustrative purposes only.

Shipwaves Online Limited has secured an international order worth USD 58,000, equivalent to approximately ₹52.61 lakh, according to a regulatory filing submitted to BSE Limited on January 19, 2026. The announcement was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details and Business Impact

The company disclosed the international order through an official press release, marking another milestone in its global expansion strategy. The order value represents a significant addition to the company's international business portfolio.

Parameter: Details
Order Value (USD): 58,000
Order Value (INR): ₹52,61,180 (approx.)
Announcement Date: January 19, 2026
Regulatory Framework: SEBI Regulation 30

Company Profile and Technology Platform

Shipwaves Online Limited operates as a global SaaS technology company transforming logistics and supply chain operations through intelligent digital platforms. The company's comprehensive solution addresses the complexities of modern global trade by enabling enterprises to manage logistics operations on a unified system.

The platform includes several key components:

  • Order Management systems
  • Procurement & Rate Management
  • Shipment Planning & Booking (Shipment Orchestrator)
  • Document Management
  • Real-time end-to-end visibility across cargo movement

Financial Performance and Growth Metrics

Established in 2015, Shipwaves has demonstrated strong financial performance with substantial growth trajectory. The company has built a robust business model serving diverse international markets.

Metric: Performance
Revenue: ₹108.00 crore
CAGR: 44.50%
Founded: 2015
Business Model: SaaS Technology

Global Operations and Market Presence

The company maintains a strong international footprint with strategic office locations across key markets. Shipwaves serves customers across India, the Middle East, Europe, and the Far East, catering to multiple industry verticals including CPG, Chemicals, Petrochemicals, Oil & Gas, Textile & Apparel, Manufacturing, Retail, Pharmaceuticals, and large global freight forwarding companies.

Office Locations:

  • Mumbai Office: 503, Star Hub, Building No.1, International Airport Road, Sahar, Andheri (East), Mumbai MH 400059
  • Registered Office: 18-02-16/4(3), 3rd Floor, Mukka Corporate House, 1st cross, Attavara, Mangalore, Dakshina Kannada KA 575001
  • International Presence: Dubai and other strategic locations

Technology Integration and Digital Initiatives

Shipwaves incorporates AI and Machine Learning capabilities into its logistics solutions, focusing on practical applications that address core industry challenges. The platform features automated freight bill auditing solutions, intelligent rate benchmarking, shipment orchestration, and predictive visibility systems. The company supports India's digital transformation initiatives by integrating with government systems including DGFT, ICEGATE, GSTN, and ULIP, contributing to national policies such as PM Gati Shakti, National Logistics Policy, and Digital India.

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Shipwaves Online Limited Completes ₹10 Crore Fund Remittance to Overseas Subsidiary

1 min read     Updated on 30 Dec 2025, 05:54 PM
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Reviewed by
Suketu GScanX News Team
Overview

Shipwaves Online Limited completed a ₹10 crore fund remittance to its overseas subsidiary Shipwaves Online LLC on December 29, 2025, fulfilling a key IPO objective. The loan arrangement, formalized through an agreement dated December 15, 2025, aims to support the subsidiary's working capital requirements. The company successfully completed all RBI regulatory requirements before executing the transfer, demonstrating compliance with applicable overseas investment regulations.

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*this image is generated using AI for illustrative purposes only.

Shipwaves Online Limited has successfully completed the remittance of ₹10 crore to its overseas subsidiary, marking a significant milestone in the company's post-IPO fund utilization strategy. The funds were transferred to Shipwaves Online LLC on December 29, 2025, following completion of all regulatory requirements.

Fund Remittance Details

The fund transfer represents the fulfillment of one of the key objectives outlined in the company's IPO prospectus. As disclosed in the prospectus dated December 4, 2025, the investment in the subsidiary through loan arrangement was identified as a primary use of IPO proceeds.

Parameter: Details
Loan Amount: ₹10.00 crore
Recipient: Shipwaves Online LLC
Purpose: Working capital funding
Remittance Date: December 29, 2025
Loan Agreement Date: December 15, 2025

Regulatory Compliance

The company ensured full compliance with applicable Reserve Bank of India regulations before executing the fund transfer. The loan agreement with Shipwaves Online LLC was formalized on December 15, 2025, establishing the legal framework for the overseas investment.

The fund remittance was completed after satisfying all regulatory requirements, demonstrating the company's commitment to maintaining compliance standards in its international operations. This overseas investment aligns with the company's strategic expansion plans as outlined during its public offering.

Strategic Implementation

The successful completion of this fund transfer represents the implementation of the company's stated IPO objectives. The ₹10 crore loan will support the working capital requirements of Shipwaves Online LLC, enabling the subsidiary to strengthen its operational capabilities.

This development reflects Shipwaves Online Limited's systematic approach to utilizing IPO proceeds as per the disclosed plan, providing transparency to stakeholders regarding fund deployment strategies.

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