Making Shipping More Convenient For Everyone
Namaship is a technology startup that has developed a new digital platform to make shipping seamless, hassle-free, and more affordable. Their system leverages proprietary software along with existing local delivery, ridesharing, and shipping infrastructure to make shipping from anywhere – home or office – more convenient.
In 2020 over 2 billion packages were delivered in the United States from places like Amazon, WalMart, Zappos, and other growing e-commerce platforms. On average 25-30% of online purchases get returned. That’s at least 500 million packages that must be labeled, and taken to the post office, UPS store or other shipping outlet. Costs can vary wildly between shipping providers and comparing rates means either going to several locations or spending time on their websites. Namaship changes that.
By aggregating everything in one app, Namaship users have total control of the shipping process. They can:
- Buy a label
- Schedule a pickup
- Track and Manage Shipments
Users simply enter their pickup and delivery information, measure the size of the package using your phone’s camera, add the weight, compare prices among several major shippers, purchase a label and schedule their pickup. An independent Namaship driver will come to the pickup location and take the package to the nearest selected drop off point.
Pricing is clear and transparent. Namaship autopopulates discounted rates for USPS, FedEx, UPS, and other carriers-plus the Namaship service fee which is cheaper than any carrier’s on-demand home pickup surcharges.
Namaship’s business is not capital intensive and therefore highly scalable. Namaship doesn’t need to set up any physical locations, purchase vehicles, or hire drivers. They are adding business to millions of drivers who already contract with companies like Instacart, Uber Eats, DoorDash and others. Surveyed drivers have said they are excited to add Namaship to their portfolio of services because delivering packages is cleaner and safer than dealing with food or passengers. Namaship has negotiated favorable discounted pricing with the major carriers based on volume targets so their per package costs will decrease as business grows, allowing them to increase margins, and lowering costs for consumers.
More than just a package pickup and shipping integration service, Namaship automatically tracks packages you are receiving as well. You can set up delivery notifications and the application prompts you three days after a delivery to see if you want to return it so you never miss a return window. This solves the problem of millions of unwanted orders that never get returned.
Namaship’s beta launch will begin Q4 2021 in New Jersey and quickly expand to other high density suburban markets as the model is proven out and optimized. In addition to returns, Namaship is also an ideal solution for online sellers, holiday packages, and other personal shipping needs.
They are also developing a service to work directly with businesses to make returns more convenient and affordable for customers.
Namaship is the brainchild of Alex Kisin and Vadim Mats who both have significant finance and operational experience working with technology startups and small to mid-cap companies in other industries.
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