Singapore's Anchanto raises $4 M investment led by Telkom Indonesia’s MDI Ventures
Singapore headquartered pan-Asia SaaS technology company Anchanto on Wednesday announced raising $4 million in the first round of its ongoing Series C investment, led by MDI Ventures, Telkom Indonesia’s corporate venture capital arm.
MDI funding comes after Series B funding from Transcosmos Inc Japan, and Luxasia Group, Singapore, in May 2017. The proceeds of the fund will be used to expand the market outreach and build stronger regional Southeast Asia presence.
Anchanto’s SaaS platform connects ecommerce sellers, brands, retailers, warehousing and fulfillment service providers to over 70 ecommerce sales channels. Using Anchanto platforms, enterprise businesses and SMEs manage their core ecommerce business operations such as - warehousing services, catalogue, pricing, multi-channel selling, logistics, and local & cross-border shipping.
SelluSeller.com, Anchanto’s signature SaaS product for sellers and brands, provides a software solution to manage their inventory, orders, and catalogues across 50+ different marketplaces in Asia. Anchanto also offers B2B and B2C ecommerce SaaS Warehouse Management System (eWMS) with an integrated Inventory Management System (IMS) and Order Management System (OMS).
It claims that over the last 12 months, sellers across the region have processed 12 million+ orders, totaling more than $258 million GMV through its SelluSeller and eWMS platforms.
Anchanto CEO and Founder, Vaibhav Dabhade, said: “Collaboration with Telkom Indonesia and MDI's investment is the foundation of Anchanto's Indonesia Strategy. Through this collaboration, we aim to enable thousands of Indonesian SMEs, Micro-SMEs, and enterprise businesses to join the ecommerce bandwagon, and seamlessly onboard them on Telkom Indonesia's DELON for ecommerce fulfillment/warehousing and other digital services. Essentially, we are going to empower Indonesian entrepreneurs to scale their businesses in Southeast Asia's biggest ecommerce market.”
“Telkom, with more than 170 million strong user base, digital platforms, mobile payment and business solution, is the ideal partner for Anchanto to scale business in Indonesia. DELON (Depo Logistik Online), a Pos Indonesia and Telkom Indonesia joint logistics platform, has its fulfillment centers running on Anchanto eWMS platform. Interestingly, MDI is the third customer to invest in us. This is an excellent vote of confidence in our technology, team, vision, and strategy from the very users of our software platform,” added Vaibhav.
Natal Iman Ginting, Managing Director of Metra Logistics, Telkom Indonesia’s Logistics Business Division, says that the exclusive partnership with Anchanto would expand the businesses, including cross-border to empower Indonesia’s SMEs into the region.
“Telkom Group will be using Anchanto’s technology to provide integration of O2O solutions and e-logistics capabilities, including cross-border shipments, multi-location warehousing, hyper localisation that enable companies to global market selling via SelluSeller and eWMS,” says Natal.
Nicko Widjaja, CEO and Investment Director of MDI Ventures, says the investment will complete the end-to-end ecommerce solutions that is currently in the portfolio, and empower the nation’s ecommerce ecosystem.
“This Investment complements our efforts in the ecommerce sector, tackling different market segments of Indonesia’s logistics landscape with different approaches. Logistic technologies have a huge potential for improving the ecommerce landscape in Indonesia. As products become more diverse, ecommerce will need to optimise the supply chain to be delivered as quickly as possible to the customers. Anchanto’s eWMS provides one of the best dedicated systems to synchronise across warehouse management, transportation, and analytics systems,” says Nicko.