Anchanto, a Singapore headquartered pan-Asia SaaS technology company has raised $4M 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 platforms connects eCommerce sellers, brands, retailers and warehousing & fulfillment service providers to 70+ eCommerce sales channels. Using Anchanto platforms, Enterprise businesses and SMEs manage core their 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).
Over last 12 months, sellers across the region have processed 12 million+ orders totaling more than $ 258 million GMV through its both 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 (www.delon.id), 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 its more than 170 million strong user base, digital platforms, mobile payment and business solution already deployed 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 localization that enable companies to global market selling via SelluSeller and eWMS,” says Natal.
Nicko Widjaja, CEO and Investment Director of MDI Ventures, says that the investment will complete the end-to-end e-commerce solutions that’s currently in the portfolio, and empower the nation’s eCommerce ecosystem.
“This Investment complements our efforts in e-commerce sector, tackling different market segments of Indonesia’s logistics landscape with different approaches. Logistic technologies have a huge potential for improving the e-commerce landscape in Indonesia. As products become more diverse, e-commerce will need to optimize the supply chain to be delivered as quickly as possible to the customers. Anchanto’s eWMS provides one of the best dedicated system to synchronize across warehouse management, transportation, and analytics systems,” says Nicko.
Anchanto is a global eCommerce SaaS technology company headquartered in Singapore, with offices and employees across Singapore, Indonesia, Malaysia, Philippines, India and Australia. Through its proprietary SaaS products for eCommerce logistics and multi-channel selling, the company helps Brands, Retailers, Online Sellers, 3PLs, Postal Associations and eDistributors, equip themselves with best-in-class eCommerce capabilities.
Anchanto currently serves a massive customer base comprising of global players such as Nestle, Luxasia, Transcosmos, DKSH, Telkom Indonesia, Pos Malaysia, Essilor, La Roche Posay, ASOS, VIP Plaza, Bosnet, and many more. The company integrates its customers seamlessly with 50+ online marketplaces and webstores across Southeast Asia to push inventory, digital content, promotions, and receive customer orders- all in real time.
Anchanto was founded by Mr. Vaibhav Dabhade on 17th June 2011 in Singapore with the vision “to give customers an enchanting experience” through software products.
About MDI Ventures
MDI Ventures is a corporate venture arm of Telkom Indonesia focusing to invest in mid stage high tech companies worldwide. Currently there are more than 25 portfolio companies under management across 7 tech verticals and 10 countries including USA, ASEAN, Japan, South Korea, Australia, and India.