By Muneerah Bee
Singapore-headquartered software as a service (SaaS) technology company Anchanto has raised US$4 million in the first round of its on-going Series C investment, led by MDI Ventures, Telkom Indonesia’s corporate venture capital arm.
MDI Ventures’ funding comes after Series B funding from Transcosmos Inc Japan and Luxasia Group, Singapore in May last year. The proceeds of the fund will be used to expand the market outreach and to build a stronger regional South-east Asia presence, the company revealed.
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 small and medium enterprises (SMEs), micro-SMEs and enterprise businesses to join the e-commerce bandwagon and seamlessly onboard them on Telkom Indonesia’s DELON for e-commerce fulfilment/warehousing and other digital services. Essentially, we are going to empower Indonesian entrepreneurs to scale their businesses in South-east Asia’s biggest e-commerce market.”
Anchanto’s SaaS platforms connects e-commerce sellers, brands, retailers, and warehousing and fulfilment service providers to over 70 e-commerce sales channels. Using Anchanto’s platforms, enterprise businesses and SMEs can manage core e-commerce business operations such as – warehousing services, catalogue, pricing, multi-channel selling, logistics, and local and cross-border shipping.
Nicko Widjaja, CEO and investment director of MDI Ventures, said that the investment will complete the end-to-end e-commerce solutions that’s currently in the portfolio, and empower the nation’s e-commerce 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 an enormous potential for improving the e-commerce landscape in Indonesia. As products become more diverse, e-commerce will need to optimise the supply chain to be delivered as quickly as possible to the customers,” he said.
Natal Iman Ginting, managing director of Metra Logistics, Telkom Indonesia’s Logistics Business Division, added that the exclusive partnership with Anchanto would expand the businesses including cross-border to empower Indonesia’s SMEs into the region.