Shipper banks US$63M Series B to compete with the likes of Waresix in Indonesia

Shipper Management Team

Shipper, an Indonesia-based digital logistics provider, announced today that it has secured US$63 million in a Series B funding round, led by DST Global partners and Sequoia Capital India.

Existing investors Prosus Ventures, Floodgate, Lightspeed, Insignia Ventures, AC Ventures and Y Combinator also participated.

This round comes less than a year after Shipper raised an undisclosed amount in Series A funding in June.

According to a press statement, the proceeds of this round will go towards hiring, product enhancement and expansion of its network.

Also Read: Logisly nets US$6M Series A led by Monk’s Hill to connect shippers with verified trucking firms in Indonesia

Launched in 2016, Shipper offers a suite of logistics solutions like multi-courier shipping, distributed warehousing and fulfilment networks for businesses of all sizes.

Besides that, 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.

Last year, Shipper said that its customers saw a surge in shipping accelerated by COVID- 19, leading to increased demand for its services.

“We started the company four years ago as a result of our personal pain points in packing and delivering packages as online sellers. Building Shipper, we have always approached the problem from the angle of a micro, small and medium-sized business because that is who we are. We are excited to play our role in further empowering this segment and strengthening the nation’s logistics
ecosystem,” Shipper co-founder Budi Handoko.

E-commerce has always been a popular sector in Indonesia that saw significant growth since the onset of COVID-19. Other players in the local market are Waresix, SiCepat, Kargo, Ritase, and Logisly, among others.

According to GlobalData, e-commerce sales are estimated to grow by 37.4 per cent, compared to the pre-COVID-19 estimate of 22.2 per cent for the same year.

Amid the crisis, many Southeast Asian logistics-tech companies, such as B2B logistics firm LogislyAndalin, Mycloudfulfillment and Flash Express (both Thailand), and Tramés (Singapore), raised financing.

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Image Credit: Shipper

The post Shipper banks US$63M Series B to compete with the likes of Waresix in Indonesia appeared first on e27.

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Shipper Management Team

Shipper, an Indonesia-based digital logistics provider, announced today that it has secured US$63 million in a Series B funding round, led by DST Global partners and Sequoia Capital India.

Existing investors Prosus Ventures, Floodgate, Lightspeed, Insignia Ventures, AC Ventures and Y Combinator also participated.

This round comes less than a year after Shipper raised an undisclosed amount in Series A funding in June.

According to a press statement, the proceeds of this round will go towards hiring, product enhancement and expansion of its network.

Also Read: Logisly nets US$6M Series A led by Monk’s Hill to connect shippers with verified trucking firms in Indonesia

Launched in 2016, Shipper offers a suite of logistics solutions like multi-courier shipping, distributed warehousing and fulfilment networks for businesses of all sizes.

Besides that, 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.

Last year, Shipper said that its customers saw a surge in shipping accelerated by COVID- 19, leading to increased demand for its services.

“We started the company four years ago as a result of our personal pain points in packing and delivering packages as online sellers. Building Shipper, we have always approached the problem from the angle of a micro, small and medium-sized business because that is who we are. We are excited to play our role in further empowering this segment and strengthening the nation’s logistics
ecosystem,” Shipper co-founder Budi Handoko.

E-commerce has always been a popular sector in Indonesia that saw significant growth since the onset of COVID-19. Other players in the local market are Waresix, SiCepat, Kargo, Ritase, and Logisly, among others.

According to GlobalData, e-commerce sales are estimated to grow by 37.4 per cent, compared to the pre-COVID-19 estimate of 22.2 per cent for the same year.

Amid the crisis, many Southeast Asian logistics-tech companies, such as B2B logistics firm LogislyAndalin, Mycloudfulfillment and Flash Express (both Thailand), and Tramés (Singapore), raised financing.

Join our e27 Telegram groupFB community, or like the e27 Facebook page

Image Credit: Shipper

The post Shipper banks US$63M Series B to compete with the likes of Waresix in Indonesia appeared first on e27.

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