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 connect eCommerce sellers, brands, retailers, and warehousing & fulfillment service providers to 70+ eCommerce sales channels. Using Anchanto platforms, Enterprise businesses and SMEs manage their e-commerce business operations such as – warehousing services, catalog, 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 and orders 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).
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.”
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.