Anchanto has raised around ₹27 crores ($4 million) in the first round of the ongoing series C funding led by MDI Ventures, a corporate venture capital arm of Telkom Indonesia. The money raised will be used to expand the market outreach and to build stronger regional Southeast Asia presence.
Anchanto is a Singapore based SaaS company founded in 2011 by Vaibhav Dabhade. It provides a global e-commerce selling and logistics platform along with services to provide a seamless experience for its customers.
Vaibhav Dabhade, CEO, and Founder, Anchanto, 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 e-commerce bandwagon”.
It provides many products and services through its platform for its customers such as Warehouse management software, cross-border processing and shipping, logistics operation, inventory management etc. These products and services are being used by its customers to expand their business and bring more efficiency to their performance.
Although the company is based in Singapore, its largest operation base is located in Pune. It connects the e-commerce sellers, brands, retailers and warehousing and fulfillment service providers to about 70 e-commerce sales channels in Southeast Asia.
According to the company’s announcement, in the last year itself, sellers in the region have processed over 12 million orders using its products, SelluSeller and eWMS platforms. The total GMV (gross merchandise volume) reported through these orders is somewhere around 1770 crores ($258 million).
Anchanto is providing its services to some big clients like Nestle, Luxasia, BOSNET, Telkom Indonesia, etc.
There are other startups that are competing with Anchanto in this space, some of them are, SellerGyan, Mobisy, Creative Mindz Group, Eunimart. Anchanto has established itself in Indonesia and looking to other Southeast Asian countries. This is a step in the right direction for them to expand their operations slowly from their own neighborhood.