Shipper, Indonesia-based logistics tech platform, announced today that it has raised Series A funding round led by Prosus Ventures, formerly known as Naspers Ventures.
Existing investors including Lightspeed, Floodgate, Y Combinator, Insignia Ventures, and AC Ventures also participated in the round.
The undisclosed amount of funding will be used to recruit more talents into their team while readying up to improve its logistic capabilities. It also has plans to expand its reach to other cities and new regions in Indonesia to accommodate the needs of consumers.
Established in 2017 by co-founders Budi Handoko and Phil Opamuratawongse, Shipper offers one-stop logistics solution such as a multi-courier shipping platform to distributed warehousing & fulfilment networks in more than 30 locations.
It offers a dashboard to help sellers on e-commerce platforms manage delivery to their customers. The dashboard allows sellers to get recommendations on the most efficient logistic services, including for courier pickup and integrated reports.
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.
”Despite the size of the market, logistics in Indonesia is extremely inefficient. In tier two and tier three cities, shipping costs can often add up to 40 per cent of e-commerce basket sizes, serving as a major barrier to mass e-commerce adoption in the country. Shipper aims to solve three major problems in Indonesia’s logistics aspects, including a confusing plethora of different warehousing and shipping options, lack of price transparency, and below-average track-ability,” said Handoko.
Currently, Shipper is working with more than 100 express couriers.
Prosus Ventures is a global consumer internet group that operates and invests in markets with long-term growth potential. It focusses on building businesses in the online classifieds, payments and fintech, and food delivery sectors in markets including India, Russia, and Brazil.
The company is majority-owned by Naspers.
In September 2019, Shipper 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.
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Image Credit: Robson Hatsukami Morgan on Unsplash
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