Indonesia’s logistics aggregator Shipper secures US$20M Series A led by Naspers with participation from AC Ventures
Published on May 23, 2020
Original post by e27.
Other investors joining the Y-Combinator startup’s new investment round are AC Ventures, Insignia Ventures, Lightspeed
Shipper, an Indonesia-based logistics aggregator, has reportedly raised US$20 million in Series A funding led by Naspers.
Also participated in the round are AC Ventures, Insignia Ventures Partners, and Lightspeed Venture Partners, says a DailySocial report.
Neither Shipper nor the investors have confirmed this development to the publication.
Shipper was established in 2017 by co-founders Budi Handoko and Phil Opamuratawongse.
It offers a dashboard to help sellers on e-commerce platforms to manage the delivery of their customers. The dashboard allows sellers to get recommendations on the most efficient logistic services, including for courier pickup and integrated reports.
Shipper’s technology can be used to predict the best shipping routes and consolidate packages headed in the same direction. It also provides a multi-carrier API that allows sellers to manage orders, print shipping labels, and get tracking information from multiple providers on their phones.
The company targets to have at least 1,000 micro-hubs to facilitate pickups and 20 logistics centres.
Shipper also gears up for regional expansion to markets, such as Thailand, Vietnam, and the Philippines.
Shipper claims to have around 2,500 logistics providers in Indonesia operating under its platform and 25,000 online sellers.
In September 2019, the company closed US$5 million in funding from Lightspeed, Floodgate Ventures, Insignia, Convergence Ventures, and Y Combinator.
Shipper was part of Y Combinator’s Winter 2019 batch.