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

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 Logisly, Andalin, Mycloudfulfillment and Flash Express (both Thailand), and Tramés (Singapore), raised financing.

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Image Credit: Shipper

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